States Served
Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Drinking Places (Alcoholic Beverages)
- Fitness and Recreational Sports Centers
- Child Day Care Services
Quick Summary
Bangor Savings Bank is an SBA-approved lender headquartered in BANGOR, Maine. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 356 SBA 7(a) loans totaling $63.9M, with an average loan size of $179K. They serve businesses across 4 states.
About Bangor Savings Bank
Bangor Savings Bank is an SBA-approved lender headquartered in BANGOR, Maine. Since 2020, they have approved 356 SBA 7(a) loans totaling $63.9M, with an average loan size of $179K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 4 states.
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Frequently Asked Questions
Is Bangor Savings Bank an SBA Preferred Lender?
Yes, Bangor Savings Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Bangor Savings Bank approved?
According to SBA FOIA public records, Bangor Savings Bank has approved 356 SBA 7(a) loans totaling $63.9M since 2020. Their average loan size is $179K.
What states does Bangor Savings Bank serve?
Bangor Savings Bank serves businesses in 4 states: Connecticut, Massachusetts, Maine, New Hampshire.
How do I apply for an SBA loan with Bangor Savings Bank?
To apply for an SBA 7(a) loan with Bangor Savings Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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