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Home → Maine → Saco and Biddeford Savings Institution

Saco and Biddeford Savings Institution

SACO, ME 4072

7
Loans Approved
$1.4M
Total Volume
$201K
Avg Loan Size
1
States Served

States Served

Maine

Top Industries Financed

  • Testing Laboratories
  • Beauty Salons
  • Locksmiths
  • Limited-Service Restaurants
  • Ice Cream and Frozen Dessert Manufacturing

Quick Summary

Saco and Biddeford Savings Institution is an SBA-approved lender headquartered in SACO, Maine. Since 2020, they have approved 7 SBA 7(a) loans totaling $1.4M, with an average loan size of $201K. They primarily serve Maine businesses.

About Saco and Biddeford Savings Institution

Saco and Biddeford Savings Institution is an SBA-approved lender headquartered in SACO, Maine. Since 2020, they have approved 7 SBA 7(a) loans totaling $1.4M, with an average loan size of $201K. They primarily serve businesses in Maine.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Saco and Biddeford Savings Institution an SBA Preferred Lender?

Saco and Biddeford Savings Institution 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 Saco and Biddeford Savings Institution approved?

According to SBA FOIA public records, Saco and Biddeford Savings Institution has approved 7 SBA 7(a) loans totaling $1.4M since 2020. Their average loan size is $201K.

What states does Saco and Biddeford Savings Institution serve?

Saco and Biddeford Savings Institution primarily serves businesses in Maine.

How do I apply for an SBA loan with Saco and Biddeford Savings Institution?

To apply for an SBA 7(a) loan with Saco and Biddeford Savings Institution, 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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