Maine-based banks were among the largest lenders to “The Pine Tree State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top 10 SBA Lenders in Maine:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 85 | $87,745 | 8.9% |
| 2 | Bangor Savings Bank | Bangor, ME | 73 | $164,867 | 5.6% |
| 3 | Katahdin Trust | Patten, ME | 23 | $189,933 | 5.8% |
| 4 | KeyBank | Cleveland, OH | 15 | $103,373 | 6.8% |
| 5 | Kennebunk Savings Bank | Kennebunk, ME | 11 | $116,155 | 5.2% |
| 6 | Norway Savings Bank | Norway, ME | 10 | $458,450 | 4.9% |
| 7 | People's United Bank | Bridgeport, CT | 9 | $143,389 | 4.8% |
| 8 | Franklin Savings Bank | Farmington, ME | 8 | $104,463 | 6.1% |
| 9 | Camden National Bank | Camden, ME | 7 | $246,829 | 4.6% |
| 10 | Seaboard FCU | Bucksport, ME | 7 | $31,857 | 7.3% |