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County8th of 16 in Maine by approvalsFIPS 23011
SBA loans in Kennebec 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 71 loans to businesses in Kennebec County, Maine, in FY2021 to FY2025, worth $24.9M: 58 under 7(a) and 13 under 504.
That is 21.4 approvals per 1,000 business establishments (3,318 establishments in 2023), below the Maine figure of 46.0 and below the national 41.0.
It ranks 8th of 16 Maine counties with approvals. In FY2025 there were 25, up 47% on FY2024.
23 lenders had approvals here; the most active were TD Bank, National Association (15), Granite State Economic Development Corporation (11) and Northeast Bank (8). The most common industry was other specialty trade contractors.
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 Kennebec County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 15 | $2.7M | 21.1% | |
| 2 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 11 | $5.3M | 15.5% | |
| 3 | Northeast BankLewiston, ME | 8 | $1.3M | 11.3% | |
| 4 | Machias Savings BankMachias, ME | 6 | $1.7M | 8.5% | |
| 5 | Bangor Savings BankBangor, ME | 5 | $758K | 7.0% | |
| 6 | Maine Community BankPortland, ME | 4 | $1.6M | 5.6% | |
| 7 | Androscoggin Savings BankLewiston, ME | 3 | $2.2M | 4.2% | |
| 8 | New England Certified Development CorporationWakefield, MA · CDC | 2 | — | 2.8% | |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 2.8% | |
| 10 | KeyBank National AssociationCleveland, OH | 2 | — | 2.8% | |
| 11 | Skowhegan Savings BankSkowhegan, ME | 1 | — | 1.4% | |
| 12 | Fifth Third BankCincinnati, OH | 1 | — | 1.4% | |
| 13 | Kennebunk Savings BankKennebunk, ME | 1 | — | 1.4% | |
| 14 | The Bancorp Bank National AssociationSioux Falls, SD | 1 | — | 1.4% | |
| 15 | Citizens BankElizabethton, TN | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 9.9% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 7.0% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 7.0% | |
| 4 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 4.2% | |
| 5 | Offices of DentistsNAICS 6212 | 3 | 4.2% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 4.2% | |
| 7 | General Freight TruckingNAICS 4841 | 3 | 4.2% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 3 | 4.2% | |
| 9 | Elementary and Secondary SchoolsNAICS 6111 | 2 | 2.8% | |
| 10 | Residential Building ConstructionNAICS 2361 | 2 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 16 | 22.5% | |
| 2 | Manufacturing | 7 | 9.9% | |
| 3 | Other Services (except Public Administration) | 7 | 9.9% | |
| 4 | Accommodation and Food Services | 6 | 8.5% | |
| 5 | Health Care and Social Assistance | 6 | 8.5% | |
| 6 | Transportation and Warehousing | 5 | 7.0% | |
| 7 | Arts, Entertainment, and Recreation | 4 | 5.6% | |
| 8 | Retail Trade | 4 | 5.6% |
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* | 3 | $495K | $150K | 2 | — | 5 | 65 |
| FY2025 | 19 | $5.5M | $146K | 6 | $2.8M | 25 | 317 |
| FY2024 | 15 | $4.4M | $150K | 2 | — | 17 | 69 |
| FY2023 | 11 | $2.3M | $100K | 0 | — | 11 | 69 |
| FY2022 | 7 | $2.1M | $50K | 1 | — | 8 | 47 |
| FY2021 | 6 | $5.0M | $211K | 4 | $1.3M | 10 | 146 |
| FY2020 | 9 | $541K | $50K | 5 | $975K | 14 | 50 |
| FY2019 | 4 | $818K | $194K | 0 | — | 4 | 30 |
| FY2018 | 8 | $1.0M | $129K | 1 | — | 9 | 71 |
| FY2017 | 14 | $11.7M | $300K | 0 | — | 14 | 407 |
| FY2016 | 17 | $2.1M | $50K | 1 | — | 18 | 179 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 59 approvals.
Against Maine and the country
| FY2021–FY2025 | Kennebec County | Maine | United States |
|---|---|---|---|
| Approvals | 71 | 1,996 | 342,825 |
| Approvals per 1,000 establishments | 21.4 | 46.0 | 41.0 |
| Median 7(a) approval | $115K | $100K | $190K |
| Median 504 approval | $440K | $385K | $657K |
| Average approval | $351K | $327K | $573K |
| 504 share of approvals | 18.3% | 17.1% | 11.0% |
| Jobs supported per approval, as reported | 9.1 | 8.4 | 10.5 |
| Share of state approvals | 3.6% | 100.0% | — |
Approval sizes
- $50,000 or less26.8%19
- $50,001 to $150,00028.2%20
- $150,001 to $350,00014.1%10
- $350,001 to $1 million22.5%16
- $1 million to $2 million5.6%4
- Over $2 million2.8%2
Age of the businesses
- Existing, more than 2 years old56.3%40
- New business, 2 years or less16.9%12
- Startup, loan funds will open the business5.6%4
- Change of ownership21.1%15
Questions and answers
Which lenders make the most SBA loans in Kennebec County?
By approvals in FY2021 to FY2025: TD Bank, National Association (15), Granite State Economic Development Corporation (11), Northeast Bank (8), Machias Savings Bank (6), Bangor Savings Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kennebec County?
The median 7(a) approval was $115K and the median 504 approval $440K; the Maine 7(a) median was $100K.
Which industries get the most SBA loans in Kennebec County?
Other Specialty Trade Contractors (7); Restaurants and Other Eating Places (5); Automotive Repair and Maintenance (5); Other Professional, Scientific, and Technical Services (3); Offices of Dentists (3).
Is SBA lending in Kennebec County rising?
Approvals in the three latest complete fiscal years total 53, against 32 in the three before: rising (+66%).
How does Kennebec County compare with the rest of Maine?
21.4 approvals per 1,000 establishments against 46.0 statewide, and 71 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