Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
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 SBA Lenders in Maine:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 54 | $33,461 | 10.6% |
| 2 | Bangor Savings Bank | Bangor, ME | 43 | $99,209 | 6.1% |
| 3 | Camden National Bank | Camden, ME | 18 | $153,611 | 5.1% |
| 4 | Infinity FCU | Westbrook, ME | 17 | $53,588 | 8.3% |
| 5 | Norway Savings Bank | Norway, ME | 7 | $280,114 | 5.6% |
| 6 | Kennebunk Savings Bank | Kennebunk, ME | 7 | $231,000 | 5.6% |
| 7 | Bath Savings Institution | Bath, ME | 7 | $146,549 | 6.2% |
| 8 | KeyBank | Cleveland, OH | 6 | $582,500 | 7.3% |
| 9 | Live Oak | Wilmington, NC | 5 | $951,000 | 7.0% |
| 10 | Stearns Bank | Saint Cloud, MN | 4 | $382,250 | 7.9% |