SBA 7(a) loans in Maine
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
905loans approved
$100,000median loan
$45K–$250Kmiddle half of loans
$252.4Mtotal approved
9%median initial rate
10 yrsmedian term
The median Maine loan is 43% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 40 | $204,500 |
| Limited-Service Restaurants (722513) | 33 | $294,000 |
| Landscaping Services (561730) | 28 | $36,250 |
| Fitness and Recreational Sports Centers (713940) | 22 | $99,500 |
| Logging (113310) | 21 | $80,000 |
| Residential Remodelers (236118) | 17 | $30,000 |
| General Freight Trucking, Local (484110) | 17 | $79,000 |
| General Automotive Repair (811111) | 16 | $30,000 |
| Electrical Contractors and Other Wiring Installation Contractors (238210) | 16 | $187,500 |
| Site Preparation Contractors (238910) | 16 | $73,150 |
Most active lenders in Maine
| Lender | Loans | Median | Total |
|---|---|---|---|
| TD Bank, National Association | 182 | $43,500 | $21.5M |
| Maine Community Bank | 118 | $164,600 | $40.3M |
| Bangor Savings Bank | 114 | $124,500 | $22.5M |
| Manufacturers and Traders Trust Company | 64 | $41,600 | $7.2M |
| Machias Savings Bank | 38 | $168,500 | $16.7M |
| Norway Savings Bank | 35 | $75,000 | $11.3M |
| Androscoggin Savings Bank | 31 | $85,000 | $5.2M |
| Katahdin Trust Company | 29 | $165,000 | $5.8M |
| Bar Harbor Bank & Trust | 27 | $50,000 | $2.9M |
| Northeast Bank | 26 | $95,000 | $3.6M |
SBA 504 loans in Maine
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
140504 loans approved
$434,000median CDC portion
$106.3Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Maine
| Lender | Loans | Median | Total |
|---|---|---|---|
| Granite State Economic Development Corporation | 114 | $474,000 | $88.8M |
| Southern Maine Finance Agency | 26 | $348,000 | $17.5M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.