States › Maine › Lincoln County
County12th of 16 in Maine by approvalsFIPS 23015
SBA loans in Lincoln 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 44 loans to businesses in Lincoln County, Maine, in FY2021 to FY2025, worth $12.6M: 33 under 7(a) and 11 under 504.
That is 31.8 approvals per 1,000 business establishments (1,383 establishments in 2023), below the Maine figure of 46.0 and below the national 41.0.
It ranks 12th of 16 Maine counties with approvals. In FY2025 there were 14.
15 lenders had approvals here; the most active were Granite State Economic Development Corporation (10), Maine Community Bank (8) and TD Bank, National Association (8). 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 Lincoln County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 10 | $6.9M | 22.7% | |
| 2 | Maine Community BankPortland, ME | 8 | $1.8M | 18.2% | |
| 3 | TD Bank, National AssociationWilmington, DE | 8 | $402K | 18.2% | |
| 4 | Bangor Savings BankBangor, ME | 5 | $413K | 11.4% | |
| 5 | Northeast BankLewiston, ME | 2 | — | 4.5% | |
| 6 | Bath Savings InstitutionBath, ME | 2 | — | 4.5% | |
| 7 | Southern Maine Finance AgencyBiddeford, ME · CDC | 1 | — | 2.3% | |
| 8 | Camden National BankCamden, ME | 1 | — | 2.3% | |
| 9 | Manufacturers and Traders Trust CompanyBuffalo, NY | 1 | — | 2.3% | |
| 10 | Heritage Bank IncBurlington, KY | 1 | — | 2.3% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 1 | — | 2.3% | |
| 12 | KeyBank National AssociationCleveland, OH | 1 | — | 2.3% | |
| 13 | Norway Savings BankNorway, ME | 1 | — | 2.3% | |
| 14 | Androscoggin Savings BankLewiston, ME | 1 | — | 2.3% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 20.5% | |
| 2 | FishingNAICS 1141 | 3 | 6.8% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 6.8% | |
| 4 | Specialty Food StoresNAICS 4452 | 3 | 6.8% | |
| 5 | Traveler AccommodationNAICS 7211 | 2 | 4.5% | |
| 6 | Personal and Household Goods Repair and MaintenanceNAICS 8114 | 2 | 4.5% | |
| 7 | Beverage ManufacturingNAICS 3121 | 2 | 4.5% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.5% | |
| 9 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 2 | 4.5% | |
| 10 | Medical Equipment and Supplies ManufacturingNAICS 3391 | 2 | 4.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 27.3% | |
| 2 | Retail Trade | 6 | 13.6% | |
| 3 | Other Services (except Public Administration) | 6 | 13.6% | |
| 4 | Manufacturing | 6 | 13.6% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 11.4% | |
| 6 | Agriculture, Forestry, Fishing and Hunting | 4 | 9.1% | |
| 7 | Construction | 3 | 6.8% | |
| 8 | Transportation and Warehousing | 1 | 2.3% |
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 | $1.6M | $67K | 0 | — | 3 | 18 |
| FY2025 | 10 | $1.5M | $123K | 4 | $6.3M | 14 | 131 |
| FY2024 | 7 | $1.4M | $118K | 2 | — | 9 | 104 |
| FY2023 | 6 | $308K | $50K | 1 | — | 7 | 30 |
| FY2022 | 7 | $655K | $50K | 3 | $848K | 10 | 68 |
| FY2021 | 3 | $650K | $100K | 1 | — | 4 | 22 |
| FY2020 | 3 | $105K | $30K | 1 | — | 4 | 12 |
| FY2019 | 5 | $370K | $45K | 5 | $1.4M | 10 | 32 |
| FY2018 | 0 | — | — | 2 | — | 2 | 1 |
| FY2017 | 4 | $922K | $179K | 2 | — | 6 | 66 |
| FY2016 | 2 | — | — | 0 | — | 2 | 0 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 24 approvals.
Against Maine and the country
| FY2021–FY2025 | Lincoln County | Maine | United States |
|---|---|---|---|
| Approvals | 44 | 1,996 | 342,825 |
| Approvals per 1,000 establishments | 31.8 | 46.0 | 41.0 |
| Median 7(a) approval | $72K | $100K | $190K |
| Median 504 approval | $310K | $385K | $657K |
| Average approval | $285K | $327K | $573K |
| 504 share of approvals | 25.0% | 17.1% | 11.0% |
| Jobs supported per approval, as reported | 8.1 | 8.4 | 10.5 |
| Share of state approvals | 2.2% | 100.0% | — |
Approval sizes
- $50,000 or less31.8%14
- $50,001 to $150,00025.0%11
- $150,001 to $350,00025.0%11
- $350,001 to $1 million13.6%6
- $1 million to $2 million2.3%1
- Over $2 million2.3%1
Age of the businesses
- Existing, more than 2 years old61.4%27
- New business, 2 years or less13.6%6
- Startup, loan funds will open the business15.9%7
- Change of ownership9.1%4
Questions and answers
Which lenders make the most SBA loans in Lincoln County?
By approvals in FY2021 to FY2025: Granite State Economic Development Corporation (10), Maine Community Bank (8), TD Bank, National Association (8), Bangor Savings Bank (5), Northeast Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lincoln County?
The median 7(a) approval was $72K and the median 504 approval $310K; the Maine 7(a) median was $100K.
Which industries get the most SBA loans in Lincoln County?
Restaurants and Other Eating Places (9); Fishing (3); Automotive Repair and Maintenance (3); Specialty Food Stores (3); Traveler Accommodation (2).
Is SBA lending in Lincoln County rising?
Approvals in the three latest complete fiscal years total 30, against 18 in the three before: rising (+67%).
How does Lincoln County compare with the rest of Maine?
31.8 approvals per 1,000 establishments against 46.0 statewide, and 44 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