Top SBA Acquisition Lenders in Maine
10 active SBA 7(a) lenders in Maine, ranked by acquisition loan count.
Lenders
in Maine
Total Volume
Median Rate
Median Loan Size
Top Lenders in Maine
Lending by Industry in Maine
Covers the 12 of 26 Maine loans that the FOIA dataset reports at the state and industry level.
Top 10 Lenders in Maine
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | 10 | $4.1M | P+0.00% | 0.0% |
| 2 | Machias Savings Bank | 4 | $1.8M | P+0.00% | 0.0% |
| 3 | Maine Community Bank | 3 | $3.6M | P+0.00% | 0.0% |
| 4 | Kennebunk Savings Bank | 2 | $639K | P+0.00% | 0.0% |
| 5 | Live Oak Bank | 2 | $5.2M | P+1.50% | 1.3% |
| 6 | The Bancorp Bank National Association | 1 | $953K | P+1.00% | 0.7% |
| 7 | 22nd State Bank | 1 | $2.2M | P+2.75% | 0.0% |
| 8 | Byline Bank | 1 | $2.0M | P+2.75% | 1.8% |
| 9 | Customers Bank | 1 | $3.2M | P+1.00% | 3.1% |
| 10 | First Financial Bank | 1 | $989K | P+1.50% | 1.0% |
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Customize your search →SBA 7(a) Lending in Maine
Maine has 10 active SBA 7(a) acquisition lenders that have originated a combined 26 loans totaling $24.6M in volume. The median acquisition loan size in Maine is $1145K, with a median interest rate of Prime + 1.50% (Prime + spread).
When evaluating SBA lenders in Maine, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Maine?
There are currently 10 active SBA 7(a) lenders in Maine based on FOIA lending data. These lenders have originated 26 acquisition loans.
What is the typical SBA loan rate in Maine?
The median SBA 7(a) acquisition loan rate in Maine is Prime + 1.50% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.