1,858 SBA loans worth $604.4M went to Maine businesses between October 2021 and June 2026, from 86 lenders. TD Bank made the most 7(a) loans, 331 or 21% of the state's total, and the ten most active lenders made 75%. The median 7(a) loan was $100,000, below the national median of $158,000. Restaurants and hotels was the most financed industry, at 18% of loans. Annual loan count rose 15% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 331 | $32.4M | $40,000 | 36% | Construction |
| 2 | Maine Community Bank Bank · Portland, ME | 216 | $63.0M | $120,500 | 49% | Restaurants and hotels |
| 3 | Bangor Savings Bank Bank · Bangor, ME | 216 | $38.8M | $123,800 | 55% | Restaurants and hotels |
| 4 | Manufacturers and Traders Trust Bank · Buffalo, NY | 85 | $8.7M | $40,000 | 51% | Construction |
| 5 | KeyBank Bank · Cleveland, OH | 63 | $7.1M | $35,200 | 68% | Construction |
| 6 | Androscoggin Savings Bank Bank · Lewiston, ME | 61 | $11.9M | $91,900 | 41% | Restaurants and hotels |
| 7 | Machias Savings Bank Bank · Machias, ME | 58 | $21.7M | $158,700 | 33% | Arts, entertainment and recreation |
| 8 | Katahdin Trust Bank · Patten, ME | 54 | $13.2M | $150,250 | 50% | Transportation and warehousing |
| 9 | Northeast Bank Bank · Portland, ME | 49 | $8.4M | $100,000 | 14% | Retail |
| 10 | Norway Savings Bank Bank · Norway, ME | 47 | $15.8M | $80,000 | 55% | Restaurants and hotels |
| 11 | Kennebunk Savings Bank Bank · Kennebunk, ME | 47 | $11.3M | $150,000 | 43% | Restaurants and hotels |
| 12 | Bar Harbor Bank & Trust Bank · Bar Harbor, ME | 36 | $4.4M | $53,000 | 19% | Administrative and support services |
| 13 | Atlantic Regional Federal Credit Union Credit union · South Portland, ME | 28 | $2.2M | $52,500 | 57% | Health care and social assistance |
| 14 | Newtek Bank Bank · Miami, FL | 25 | $7.3M | $175,000 | 16% | Other services (repair, personal care) |
| 15 | BayFirst National Bank Bank · St. Petersburg, FL | 25 | $5.2M | $150,000 | 0% | Construction |
| 16 | Bath Savings Institution Bank · Bath, ME | 20 | $6.1M | $150,000 | 40% | Restaurants and hotels |
| 17 | Live Oak Banking Bank · Wilmington, NC | 18 | $29.0M | $1,051,500 | 22% | Health care and social assistance |
| 18 | Franklin Savings Bank Bank · Farmington, ME | 17 | $3.3M | $190,000 | 53% | Restaurants and hotels |
| 19 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 15 | $3.4M | $150,000 | 27% | Restaurants and hotels |
| 20 | Seaboard FCU Credit union · Bucksport, ME | 13 | $901K | $53,000 | 38% | Agriculture, forestry and fishing |
| 21 | Huntington National Bank Bank · Columbus, OH | 11 | $2.8M | $300,000 | 55% | Administrative and support services |
| 22 | Camden National Bank Bank · Camden, ME | 8 | $2.3M | $226,850 | 25% | Retail |
| 23 | Celtic Bank Bank · Salt Lake City, UT | 7 | $2.0M | $140,000 | 14% | Restaurants and hotels |
| 24 | Saco and Biddeford Savings Institution Bank · Saco, ME | 7 | $1.4M | $296,000 | 57% | Restaurants and hotels |
| 25 | United Midwest Savings Bank Bank · Degraff, OH | 6 | $2.0M | $219,000 | 67% | Professional and technical services |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Granite State Economic Development Portsmouth, NH | 248 | $183.9M | $445,000 |
| 2 | Southern Maine Finance Agency Biddeford, ME | 28 | $18.4M | $354,000 |
| 3 | New England Certified Development Wakefield, MA | 3 | $3.1M | $589,000 |
| 4 | Eastern Maine Development Bangor, ME | 2 | $1.8M | $911,500 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 341 | $209,000 | Granite State Economic Development | |
| Construction | 237 | $95,000 | TD Bank | |
| Retail | 205 | $157,000 | Granite State Economic Development | |
| Other services (repair, personal care) | 179 | $100,000 | TD Bank | |
| Health care and social assistance | 153 | $150,000 | Granite State Economic Development | |
| Manufacturing | 147 | $150,000 | TD Bank | |
| Administrative and support services | 132 | $91,800 | TD Bank | |
| Professional and technical services | 122 | $109,100 | TD Bank | |
| Transportation and warehousing | 77 | $80,200 | TD Bank | |
| Arts, entertainment and recreation | 71 | $95,000 | Norway Savings Bank | |
| Agriculture, forestry and fishing | 66 | $75,450 | Katahdin Trust | |
| Real estate and rental | 47 | $229,000 | TD Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Portland | 190 | $69.7M | $161,500 | Maine Community Bank |
| Bangor | 59 | $22.1M | $150,000 | Machias Savings Bank |
| Scarborough | 56 | $18.4M | $122,700 | TD Bank |
| South Portland | 52 | $22.0M | $164,600 | Granite State Economic Development |
| Kennebunk | 47 | $13.8M | $75,000 | Kennebunk Savings Bank |
| Lewiston | 46 | $15.2M | $90,950 | TD Bank |
| Brunswick | 44 | $12.0M | $126,000 | Granite State Economic Development |
| Westbrook | 43 | $14.7M | $160,000 | Maine Community Bank |
| Saco | 41 | $24.7M | $223,600 | Granite State Economic Development |
| Windham | 40 | $8.0M | $129,000 | TD Bank |
| Biddeford | 37 | $9.4M | $100,000 | Maine Community Bank |
| Auburn | 36 | $15.5M | $50,000 | TD Bank |
| Kittery | 29 | $7.1M | $90,000 | TD Bank |
| Falmouth | 26 | $6.3M | $211,900 | Maine Community Bank |
| Kennebunkport | 25 | $3.9M | $100,000 | Maine Community Bank |
16 Maine cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.