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County4th of 16 in Maine by approvalsFIPS 23001
SBA loans in Androscoggin County, Maine
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Androscoggin County, Maine, received 139 SBA loan approvals worth $51.6M in FY2021 to FY2025 (120 7(a), 19 504).
That is 48.3 approvals per 1,000 business establishments (2,877 establishments in 2023), close to the Maine figure of 46.0 and above the national 41.0.
It ranks 4th of 16 Maine counties with approvals. In FY2025 there were 32, about level with FY2024.
22 lenders had approvals here; the most active were TD Bank, National Association (35), Granite State Economic Development Corporation (19) and Maine Community Bank (18). The most common industry was automotive repair and maintenance.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Androscoggin County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 35 | $5.1M | 25.2% | |
| 2 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 19 | $19.1M | 13.7% | |
| 3 | Maine Community BankPortland, ME | 18 | $4.6M | 12.9% | |
| 4 | Androscoggin Savings BankLewiston, ME | 18 | $3.4M | 12.9% | |
| 5 | Bangor Savings BankBangor, ME | 11 | $1.3M | 7.9% | |
| 6 | KeyBank National AssociationCleveland, OH | 7 | $655K | 5.0% | |
| 7 | Katahdin Trust CompanyPatten, ME | 5 | $1.2M | 3.6% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 4 | $600K | 2.9% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 3 | $3.0M | 2.2% | |
| 10 | Northeast BankLewiston, ME | 3 | $309K | 2.2% | |
| 11 | Camden National BankCamden, ME | 2 | — | 1.4% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 2 | — | 1.4% | |
| 13 | Bath Savings InstitutionBath, ME | 2 | — | 1.4% | |
| 14 | Atlantic Regional Federal Credit UnionSouth Portland, ME | 2 | — | 1.4% | |
| 15 | Hanover Community BankMineola, NY | 1 | — | 0.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 7.2% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 6.5% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 7 | 5.0% | |
| 4 | Building Finishing ContractorsNAICS 2383 | 7 | 5.0% | |
| 5 | Legal ServicesNAICS 5411 | 6 | 4.3% | |
| 6 | Traveler AccommodationNAICS 7211 | 5 | 3.6% | |
| 7 | Grocery StoresNAICS 4451 | 5 | 3.6% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 5 | 3.6% | |
| 9 | General Freight TruckingNAICS 4841 | 5 | 3.6% | |
| 10 | FoundriesNAICS 3315 | 4 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 21 | 15.1% | |
| 2 | Other Services (except Public Administration) | 19 | 13.7% | |
| 3 | Manufacturing | 17 | 12.2% | |
| 4 | Retail Trade | 15 | 10.8% | |
| 5 | Accommodation and Food Services | 14 | 10.1% | |
| 6 | Professional, Scientific, and Technical Services | 10 | 7.2% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 9 | 6.5% | |
| 8 | Health Care and Social Assistance | 8 | 5.8% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 11 | $1.7M | $49K | 1 | — | 12 | 74 |
| FY2025 | 31 | $8.0M | $84K | 1 | — | 32 | 203 |
| FY2024 | 29 | $6.5M | $50K | 1 | — | 30 | 191 |
| FY2023 | 28 | $6.1M | $100K | 6 | $9.5M | 34 | 245 |
| FY2022 | 18 | $7.5M | $45K | 8 | $6.9M | 26 | 129 |
| FY2021 | 14 | $4.5M | $75K | 3 | $1.2M | 17 | 165 |
| FY2020 | 10 | $2.7M | $113K | 3 | $569K | 13 | 86 |
| FY2019 | 11 | $2.4M | $100K | 3 | $4.0M | 14 | 86 |
| FY2018 | 11 | $1.5M | $50K | 3 | $2.3M | 14 | 89 |
| FY2017 | 13 | $1.6M | $62K | 3 | $1.8M | 16 | 117 |
| FY2016 | 11 | $2.8M | $136K | 0 | — | 11 | 215 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 68 approvals.
Against Maine and the country
| FY2021–FY2025 | Androscoggin County | Maine | United States |
|---|---|---|---|
| Approvals | 139 | 1,996 | 342,825 |
| Approvals per 1,000 establishments | 48.3 | 46.0 | 41.0 |
| Median 7(a) approval | $86K | $100K | $190K |
| Median 504 approval | $772K | $385K | $657K |
| Average approval | $371K | $327K | $573K |
| 504 share of approvals | 13.7% | 17.1% | 11.0% |
| Jobs supported per approval, as reported | 6.7 | 8.4 | 10.5 |
| Share of state approvals | 7.0% | 100.0% | — |
Approval sizes
- $50,000 or less36.0%50
- $50,001 to $150,00024.5%34
- $150,001 to $350,00015.8%22
- $350,001 to $1 million13.7%19
- $1 million to $2 million5.8%8
- Over $2 million4.3%6
Age of the businesses
- Existing, more than 2 years old54.0%75
- New business, 2 years or less20.9%29
- Startup, loan funds will open the business12.9%18
- Change of ownership12.2%17
Questions and answers
Which lenders make the most SBA loans in Androscoggin County?
By approvals in FY2021 to FY2025: TD Bank, National Association (35), Granite State Economic Development Corporation (19), Maine Community Bank (18), Androscoggin Savings Bank (18), Bangor Savings Bank (11). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Androscoggin County?
The median 7(a) approval was $86K and the median 504 approval $772K; the Maine 7(a) median was $100K.
Which industries get the most SBA loans in Androscoggin County?
Automotive Repair and Maintenance (10); Restaurants and Other Eating Places (9); Building Equipment Contractors (7); Building Finishing Contractors (7); Legal Services (6).
Is SBA lending in Androscoggin County rising?
Approvals in the three latest complete fiscal years total 96, against 56 in the three before: rising (+71%).
How does Androscoggin County compare with the rest of Maine?
48.3 approvals per 1,000 establishments against 46.0 statewide, and 139 of the state's 1,996 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error