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10 active SBA 7(a) lenders in Maine, ranked by loan volume.
Lenders
in Maine
Total Volume
Median Rate
Median Loan Size
| # | 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 | Live Oak Bank | 2 | $5.2M | P+1.50% | 0.9% |
| 5 | Kennebunk Savings Bank | 2 | $639K | P+0.00% | 0.0% |
| 6 | The Bancorp Bank National Association | 1 | $953K | P+1.00% | 0.6% |
| 7 | Customers Bank | 1 | $3.2M | P+1.00% | 2.7% |
| 8 | Byline Bank | 1 | $2.0M | P+2.75% | 1.7% |
| 9 | 22nd State Bank | 1 | $2.2M | P+2.75% | 0.0% |
| 10 | First Financial Bank | 1 | $989K | P+1.50% | 1.0% |
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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.
There are currently 10 active SBA 7(a) lenders in Maine based on FOIA lending data. These lenders have originated 26 acquisition loans.
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.
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.