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County1st of 16 in Maine by approvalsFIPS 23005
SBA loans in Cumberland 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.
SBA approved 663 loans to businesses in Cumberland County, Maine, in FY2021 to FY2025, worth $224M: 542 under 7(a) and 121 under 504.
That is 54.2 approvals per 1,000 business establishments (12,242 establishments in 2023), above the Maine figure of 46.0 and above the national 41.0.
It ranks 1st of 16 Maine counties with approvals. In FY2025 there were 150, up 10% on FY2024.
47 lenders had approvals here; the most active were Maine Community Bank (119), Granite State Economic Development Corporation (118) and Bangor Savings Bank (105). The most common industry was restaurants and other eating places.
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 Cumberland County
By number of approvals to businesses in the county, FY2021–FY2025; 47 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Maine Community BankPortland, ME | 119 | $22.6M | 17.9% | |
| 2 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 118 | $83.4M | 17.8% | |
| 3 | Bangor Savings BankBangor, ME | 105 | $19.3M | 15.8% | |
| 4 | TD Bank, National AssociationWilmington, DE | 81 | $8.8M | 12.2% | |
| 5 | Norway Savings BankNorway, ME | 39 | $11.6M | 5.9% | |
| 6 | Androscoggin Savings BankLewiston, ME | 24 | $8.2M | 3.6% | |
| 7 | Manufacturers and Traders Trust CompanyBuffalo, NY | 22 | $3.9M | 3.3% | |
| 8 | Bath Savings InstitutionBath, ME | 15 | $6.2M | 2.3% | |
| 9 | Northeast BankLewiston, ME | 15 | $1.6M | 2.3% | |
| 10 | KeyBank National AssociationCleveland, OH | 14 | $2.2M | 2.1% | |
| 11 | Katahdin Trust CompanyPatten, ME | 12 | $5.6M | 1.8% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 8 | $1.5M | 1.2% | |
| 13 | Atlantic Regional Federal Credit UnionSouth Portland, ME | 8 | $791K | 1.2% | |
| 14 | The Huntington National BankColumbus, OH | 7 | $1.8M | 1.1% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 6 | $11.2M | 0.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 111 | 16.7% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 35 | 5.3% | |
| 3 | Personal Care ServicesNAICS 8121 | 28 | 4.2% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 24 | 3.6% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 21 | 3.2% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 19 | 2.9% | |
| 7 | Child Day Care ServicesNAICS 6244 | 18 | 2.7% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 18 | 2.7% | |
| 9 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 18 | 2.7% | |
| 10 | Beverage ManufacturingNAICS 3121 | 15 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 155 | 23.4% | |
| 2 | Health Care and Social Assistance | 73 | 11.0% | |
| 3 | Other Services (except Public Administration) | 71 | 10.7% | |
| 4 | Retail Trade | 66 | 10.0% | |
| 5 | Construction | 60 | 9.0% | |
| 6 | Manufacturing | 53 | 8.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 45 | 6.8% | |
| 8 | Professional, Scientific, and Technical Services | 43 | 6.5% |
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* | 60 | $16.5M | $150K | 10 | $6.0M | 70 | 588 |
| FY2025 | 132 | $32.4M | $125K | 18 | $18.9M | 150 | 1,567 |
| FY2024 | 121 | $25.2M | $100K | 15 | $12.8M | 136 | 1,258 |
| FY2023 | 116 | $24.2M | $100K | 20 | $10.9M | 136 | 1,326 |
| FY2022 | 96 | $27.2M | $125K | 37 | $28.1M | 133 | 1,341 |
| FY2021 | 77 | $29.0M | $172K | 31 | $15.3M | 108 | 1,113 |
| FY2020 | 63 | $11.4M | $100K | 23 | $9.7M | 86 | 671 |
| FY2019 | 86 | $23.4M | $80K | 19 | $7.2M | 105 | 978 |
| FY2018 | 104 | $18.7M | $81K | 19 | $10.0M | 123 | 694 |
| FY2017 | 92 | $17.1M | $75K | 29 | $19.5M | 121 | 768 |
| FY2016 | 93 | $22.2M | $100K | 28 | $17.7M | 121 | 965 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 556 approvals.
Against Maine and the country
| FY2021–FY2025 | Cumberland County | Maine | United States |
|---|---|---|---|
| Approvals | 663 | 1,996 | 342,825 |
| Approvals per 1,000 establishments | 54.2 | 46.0 | 41.0 |
| Median 7(a) approval | $120K | $100K | $190K |
| Median 504 approval | $404K | $385K | $657K |
| Average approval | $338K | $327K | $573K |
| 504 share of approvals | 18.3% | 17.1% | 11.0% |
| Jobs supported per approval, as reported | 10.0 | 8.4 | 10.5 |
| Share of state approvals | 33.2% | 100.0% | — |
Approval sizes
- $50,000 or less23.7%157
- $50,001 to $150,00026.1%173
- $150,001 to $350,00025.2%167
- $350,001 to $1 million18.6%123
- $1 million to $2 million4.1%27
- Over $2 million2.4%16
Age of the businesses
- Existing, more than 2 years old51.7%343
- New business, 2 years or less16.7%111
- Startup, loan funds will open the business25.5%169
- Change of ownership5.9%39
- Not answered0.2%1
Questions and answers
Which lenders make the most SBA loans in Cumberland County?
By approvals in FY2021 to FY2025: Maine Community Bank (119), Granite State Economic Development Corporation (118), Bangor Savings Bank (105), TD Bank, National Association (81), Norway Savings Bank (39). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cumberland County?
The median 7(a) approval was $120K and the median 504 approval $404K; the Maine 7(a) median was $100K.
Which industries get the most SBA loans in Cumberland County?
Restaurants and Other Eating Places (111); Offices of Other Health Practitioners (35); Personal Care Services (28); Other Amusement and Recreation Industries (24); Services to Buildings and Dwellings (21).
Is SBA lending in Cumberland County rising?
Approvals in the three latest complete fiscal years total 422, against 327 in the three before: rising (+29%).
How does Cumberland County compare with the rest of Maine?
54.2 approvals per 1,000 establishments against 46.0 statewide, and 663 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