SBA Lenders in Maine
23 active SBA lenders · 13,168 loans approved · $2.1B total volume
All SBA Lenders in Maine
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Northeast Bank | Lewiston | 11,678 | $1.8B | $152K | ⭐ |
| Bangor Savings Bank | BANGOR | 356 | $63.9M | $179K | ⭐ |
| Maine Community Bank | Portland | 229 | $61.0M | $266K | ⭐ |
| Bar Harbor Bank & Trust | BAR HARBOR | 180 | $25.4M | $141K | ⭐ |
| Camden National Bank | CAMDEN | 160 | $34.8M | $217K | ⭐ |
| Kennebunk Savings Bank | KENNEBUNK | 107 | $26.7M | $249K | ⭐ |
| Katahdin Trust Company | PATTEN | 72 | $26.7M | $371K | ⭐ |
| Androscoggin Savings Bank | LEWISTON | 66 | $19.0M | $288K | ⭐ |
| Norway Savings Bank | NORWAY | 66 | $25.6M | $388K | — |
| Machias Savings Bank | MACHIAS | 62 | $23.3M | $375K | ⭐ |
| Franklin Savings Bank | FARMINGTON | 55 | $9.2M | $168K | — |
| Bath Savings Institution | BATH | 36 | $9.9M | $275K | — |
| Atlantic Regional Federal Credit Union | South Portland | 30 | $2.6M | $88K | ⭐ |
| Partners Bank of New England | SANFORD | 21 | $5.7M | $270K | ⭐ |
| Seaboard FCU | BUCKSPORT | 16 | $1.0M | $65K | — |
| Acadia FCU | FORT KENT | 13 | $1.6M | $126K | — |
| Saco and Biddeford Savings Institution | SACO | 7 | $1.4M | $201K | — |
| University Credit Union | Orono | 5 | $376K | $75K | — |
| Eastern Maine Development Corporation | Bangor | 3 | $443K | $148K | — |
| Skowhegan Savings Bank | SKOWHEGAN | 2 | $3.2M | $1.6M | — |
| First National Bank | DAMARISCOTTA | 2 | $400K | $200K | — |
| NorState FCU | MADAWASKA | 1 | $78K | $78K | — |
| Maine State CU | AUGUSTA | 1 | $540K | $540K | — |
Finding an SBA Lender in Maine
There are currently 23 SBA-approved lenders headquartered in Maine, ranging from national banks to local community lenders. Together they have approved 13,168 SBA 7(a) loans totaling $2.1B since 2020.
Of these, 11 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Maine
How many SBA lenders are in Maine?
There are currently 23 SBA-approved lenders headquartered in Maine. Together they have approved 13,168 SBA 7(a) loans totaling $2.1B since 2020. Of these, 11 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Maine?
An SBA Preferred Lender (PLP) in Maine is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Maine currently has 11 Preferred Lenders.
How do I choose the best SBA lender in Maine?
When choosing an SBA lender in Maine, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 23 Maine lenders so you can compare objectively.
How long does SBA loan approval take in Maine?
With an SBA Preferred Lender in Maine, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.