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County10th of 16 in Maine by approvalsFIPS 23023
SBA loans in Sagadahoc 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 48 loans to businesses in Sagadahoc County, Maine, in FY2021 to FY2025, worth $12.8M: 39 under 7(a) and 9 under 504.
That is 47.5 approvals per 1,000 business establishments (1,011 establishments in 2023), close to the Maine figure of 46.0 and above the national 41.0.
It ranks 10th of 16 Maine counties with approvals. In FY2025 there were 13.
19 lenders had approvals here; the most active were Granite State Economic Development Corporation (8), Bath Savings Institution (7) and Maine Community Bank (6). The most common industry was offices of other health practitioners.
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 Sagadahoc County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 8 | $3.4M | 16.7% | |
| 2 | Bath Savings InstitutionBath, ME | 7 | $1.4M | 14.6% | |
| 3 | Maine Community BankPortland, ME | 6 | $2.4M | 12.5% | |
| 4 | TD Bank, National AssociationWilmington, DE | 6 | $670K | 12.5% | |
| 5 | Bangor Savings BankBangor, ME | 4 | $491K | 8.3% | |
| 6 | Androscoggin Savings BankLewiston, ME | 3 | $531K | 6.3% | |
| 7 | The Huntington National BankColumbus, OH | 2 | — | 4.2% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 1 | — | 2.1% | |
| 9 | KeyBank National AssociationCleveland, OH | 1 | — | 2.1% | |
| 10 | Machias Savings BankMachias, ME | 1 | — | 2.1% | |
| 11 | Camden National BankCamden, ME | 1 | — | 2.1% | |
| 12 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.1% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.1% | |
| 14 | New England Certified Development CorporationWakefield, MA · CDC | 1 | — | 2.1% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 5 | 10.4% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 8.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 3 | 6.3% | |
| 4 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 6.3% | |
| 5 | Residential Building ConstructionNAICS 2361 | 2 | 4.2% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 2 | 4.2% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 2 | 4.2% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.2% | |
| 9 | Remediation and Other Waste Management ServicesNAICS 5629 | 2 | 4.2% | |
| 10 | Special Food ServicesNAICS 7223 | 2 | 4.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 10 | 20.8% | |
| 2 | Accommodation and Food Services | 9 | 18.8% | |
| 3 | Construction | 7 | 14.6% | |
| 4 | Professional, Scientific, and Technical Services | 7 | 14.6% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 5 | 10.4% | |
| 6 | Other Services (except Public Administration) | 3 | 6.3% | |
| 7 | Retail Trade | 2 | 4.2% | |
| 8 | Real Estate and Rental and Leasing | 1 | 2.1% |
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* | 5 | $550K | $50K | 1 | — | 6 | 30 |
| FY2025 | 12 | $3.7M | $238K | 1 | — | 13 | 115 |
| FY2024 | 7 | $795K | $55K | 1 | — | 8 | 87 |
| FY2023 | 10 | $1.5M | $113K | 1 | — | 11 | 68 |
| FY2022 | 3 | $2.0M | $500K | 2 | — | 5 | 77 |
| FY2021 | 7 | $1.2M | $82K | 4 | $1.4M | 11 | 103 |
| FY2020 | 5 | $2.6M | $550K | 0 | — | 5 | 13 |
| FY2019 | 7 | $5.6M | $44K | 5 | $943K | 12 | 121 |
| FY2018 | 6 | $647K | $53K | 2 | — | 8 | 20 |
| FY2017 | 7 | $1.5M | $144K | 2 | — | 9 | 35 |
| FY2016 | 3 | $517K | $192K | 1 | — | 4 | 5 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 38 approvals.
Against Maine and the country
| FY2021–FY2025 | Sagadahoc County | Maine | United States |
|---|---|---|---|
| Approvals | 48 | 1,996 | 342,825 |
| Approvals per 1,000 establishments | 47.5 | 46.0 | 41.0 |
| Median 7(a) approval | $118K | $100K | $190K |
| Median 504 approval | $280K | $385K | $657K |
| Average approval | $266K | $327K | $573K |
| 504 share of approvals | 18.8% | 17.1% | 11.0% |
| Jobs supported per approval, as reported | 9.4 | 8.4 | 10.5 |
| Share of state approvals | 2.4% | 100.0% | — |
Approval sizes
- $50,000 or less25.0%12
- $50,001 to $150,00022.9%11
- $150,001 to $350,00033.3%16
- $350,001 to $1 million14.6%7
- $1 million to $2 million4.2%2
Age of the businesses
- Existing, more than 2 years old62.5%30
- New business, 2 years or less14.6%7
- Startup, loan funds will open the business20.8%10
- Change of ownership2.1%1
Questions and answers
Which lenders make the most SBA loans in Sagadahoc County?
By approvals in FY2021 to FY2025: Granite State Economic Development Corporation (8), Bath Savings Institution (7), Maine Community Bank (6), TD Bank, National Association (6), Bangor Savings Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sagadahoc County?
The median 7(a) approval was $118K and the median 504 approval $280K; the Maine 7(a) median was $100K.
Which industries get the most SBA loans in Sagadahoc County?
Offices of Other Health Practitioners (5); Restaurants and Other Eating Places (4); Traveler Accommodation (3); Computer Systems Design and Related Services (3); Residential Building Construction (2).
Is SBA lending in Sagadahoc County rising?
Approvals in the three latest complete fiscal years total 32, against 21 in the three before: rising (+52%).
How does Sagadahoc County compare with the rest of Maine?
47.5 approvals per 1,000 establishments against 46.0 statewide, and 48 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