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Franklin Savings Bank

FARMINGTON, ME 4938

55
Loans Approved
$9.2M
Total Volume
$168K
Avg Loan Size
2
States Served

States Served

FloridaMaine

Top Industries Financed

  • Shellfish Fishing
  • General Freight Trucking, Local
  • Hotels (except Casino Hotels) and Motels
  • Child Day Care Services
  • Lessors of Nonresidential Buildings (except Miniwarehouses)

Quick Summary

Franklin Savings Bank is an SBA-approved lender headquartered in FARMINGTON, Maine. Since 2020, they have approved 55 SBA 7(a) loans totaling $9.2M, with an average loan size of $168K. They serve businesses across 2 states.

About Franklin Savings Bank

Franklin Savings Bank is an SBA-approved lender headquartered in FARMINGTON, Maine. Since 2020, they have approved 55 SBA 7(a) loans totaling $9.2M, with an average loan size of $168K. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Franklin Savings Bank an SBA Preferred Lender?

Franklin Savings Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Franklin Savings Bank approved?

According to SBA FOIA public records, Franklin Savings Bank has approved 55 SBA 7(a) loans totaling $9.2M since 2020. Their average loan size is $168K.

What states does Franklin Savings Bank serve?

Franklin Savings Bank serves businesses in 2 states: Florida, Maine.

How do I apply for an SBA loan with Franklin Savings Bank?

To apply for an SBA 7(a) loan with Franklin 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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