SBA Lenders in Maine
In fiscal years 2021–2026, 93 lenders made 1,844 SBA loans in Maine, totaling $502.3 million. The average loan was $272,397, and 43% went to startups or businesses under two years old.
By program: 746 7(a) loans, 1,098 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Maine
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | TD Bank, National Association Wilmington, DE | 350 | $119,738 | 36% | 7(a), Express |
| 2 | Bangor Savings Bank Bangor, ME | 263 | $178,312 | 55% | 7(a), Express |
| 3 | Maine Community Bank Portland, ME | 238 | $283,018 | 49% | 7(a), Express |
| 4 | Manufacturers and Traders Trust Company Buffalo, NY | 89 | $108,151 | 51% | 7(a), Express |
| 5 | KeyBank National Association Cleveland, OH | 82 | $144,477 | 67% | 7(a), Express |
| 6 | Machias Savings Bank Machias, ME | 71 | $351,020 | 35% | 7(a), Express |
| 7 | Katahdin Trust Company Patten, ME | 68 | $386,681 | 46% | 7(a), Express |
| 8 | Kennebunk Savings Bank Kennebunk, ME | 67 | $255,967 | 46% | 7(a), Express |
| 9 | Androscoggin Savings Bank Lewiston, ME | 63 | $266,395 | 40% | 7(a), Express |
| 10 | Norway Savings Bank Norway, ME | 56 | $318,854 | 54% | 7(a), Express |
Lenders that fund the most startups in Maine
- Bangor Savings Bank — 145 startup loans (55% of its loans)
- TD Bank, National Association — 126 startup loans (36% of its loans)
- Maine Community Bank — 116 startup loans (49% of its loans)
- KeyBank National Association — 55 startup loans (67% of its loans)
- Manufacturers and Traders Trust Company — 45 startup loans (51% of its loans)
SBA loans by industry in Maine
- Restaurants & Lodging292 loans
- Construction239 loans
- Retail Stores194 loans
- Personal Services & Repair169 loans
- Manufacturing160 loans
- Health Care149 loans
- Cleaning, Landscaping & Admin133 loans
- Professional Services124 loans
- Trucking & Transportation83 loans
- Agriculture & Fishing82 loans
- Fitness & Entertainment76 loans
- Real Estate & Rental54 loans
- Wholesale & Distribution38 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Maine?
Based on public SBA data for fiscal years 2021–2026, the most active were TD Bank, National Association, Bangor Savings Bank, Maine Community Bank. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Maine?
1,844 SBA loans totaling $502.3 million in fiscal years 2021–2026, with an average of $272,397.
Can I get an SBA loan in Maine with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.