Lenders › Katahdin Trust Company
7(a) lenderPatten, MaineFDIC-insured bank437th of 2,184 by approvals
Katahdin Trust Company
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 64 7(a) loans, worth $25.4M, through Katahdin Trust Company of Patten, Maine, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 437th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 11 approvals totalling $1.6M, down 35% on FY2024 (17). FY2026 to 30 Jun 2026 adds 4 more.
The median approval was $158K, against $190K for the 7(a) program as a whole; 48.4% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 9 counties, led by Maine (100.0%). The largest industry group was transportation and warehousing at 25.0% of approvals, and 1.6% of approvals were to franchise businesses.
Of 251 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (2.8%), 226 as paid in full and 18 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 4 | $850K | $163K | $213K | 6 |
| FY2025 | 11 | $1.6M | $113K | $149K | 15 |
| FY2024 | 17 | $5.5M | $191K | $323K | 145 |
| FY2023 | 13 | $4.2M | $92K | $321K | 61 |
| FY2022 | 9 | $1.1M | $95K | $120K | 15 |
| FY2021 | 14 | $13.1M | $432K | $933K | 196 |
| FY2020 | 6 | $644K | $88K | $107K | 23 |
| FY2019 | 3 | $2.0M | $180K | $662K | 4 |
| FY2018 | 15 | $3.0M | $153K | $199K | 92 |
| FY2017 | 27 | $4.8M | $102K | $176K | 118 |
| FY2016 | 22 | $2.6M | $82K | $119K | 134 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 73 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Maine | 7(a) program |
|---|---|---|---|
| Approvals in these years | 289 | 3,794 | 639,905 |
| Cancelled or never disbursed | 38 | 409 | 79,313 |
| Disbursed loans | 251 | 3,385 | 560,592 |
| Paid in full | 226 | 2,851 | 435,813 |
| Charged off | 7 | 145 | 36,891 |
| Still outstanding (status exempt from disclosure) | 18 | 389 | 87,888 |
| Charged off, share of disbursed loans | 2.8% | 4.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 6.7% | 2.5% | 2.5% |
| Dollars charged off | $3.3M | $16.4M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 12 | 7 | 0 | — | 2.8% |
| FY2020 | 6 | 5 | 0 | — | 4.0% |
| FY2019 | 3 | 2 | 0 | — | 6.7% |
| FY2018 | 14 | 13 | 0 | — | 7.9% |
| FY2017 | 26 | 22 | 0 | — | 7.7% |
| FY2016 | 18 | 17 | 0 | — | 7.2% |
| FY2015 | 41 | 39 | 0 | 0.0% | 6.9% |
| FY2014 | 33 | 32 | 0 | 0.0% | 6.4% |
| FY2013 | 40 | 36 | 4 | 10.0% | 6.0% |
| FY2012 | 29 | 27 | 2 | — | 6.3% |
| FY2011 | 16 | 15 | 0 | — | 6.9% |
| FY2010 | 13 | 11 | 1 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $158K | $190K |
| Average approval | $398K | $518K |
| Approvals of $150,000 or less | 48.4% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 46.9% | 34.3% |
| Approvals to franchise businesses | 1.6% | 11.5% |
| Jobs supported per approval, as reported | 6.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.8% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Maine | 64 | $25.4M | 100.0% |
In Maine the lender accounts for 3.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (9 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Aroostook County, ME | 28 | $6.9M | 43.8% | |
| 2 | Cumberland County, ME | 12 | $5.6M | 18.8% | |
| 3 | Penobscot County, ME | 10 | $9.2M | 15.6% | |
| 4 | Androscoggin County, ME | 5 | $1.2M | 7.8% | |
| 5 | Somerset County, ME | 3 | $520K | 4.7% | |
| 6 | Washington County, ME | 2 | — | 3.1% | |
| 7 | Waldo County, ME | 2 | — | 3.1% | |
| 8 | Hancock County, ME | 1 | — | 1.6% | |
| 9 | Knox County, ME | 1 | — | 1.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 16 | 25.0% | |
| 2 | Agriculture, Forestry, Fishing and Hunting | 15 | 23.4% | |
| 3 | Accommodation and Food Services | 6 | 9.4% | |
| 4 | Real Estate and Rental and Leasing | 5 | 7.8% | |
| 5 | Construction | 4 | 6.3% | |
| 6 | Retail Trade | 4 | 6.3% | |
| 7 | Health Care and Social Assistance | 4 | 6.3% | |
| 8 | Manufacturing | 3 | 4.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | LoggingNAICS 1133 | 15 | 23.4% | |
| 2 | Specialized Freight TruckingNAICS 4842 | 9 | 14.1% | |
| 3 | General Freight TruckingNAICS 4841 | 7 | 10.9% | |
| 4 | Lessors of Real EstateNAICS 5311 | 5 | 7.8% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 6.3% | |
| 6 | Business Support ServicesNAICS 5614 | 2 | 3.1% | |
| 7 | Other Heavy and Civil Engineering ConstructionNAICS 2379 | 2 | 3.1% | |
| 8 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 3.1% | |
| 9 | Grocery StoresNAICS 4451 | 2 | 3.1% | |
| 10 | Offices of DentistsNAICS 6212 | 2 | 3.1% |
Approval sizes
- $50,000 or less25.0%16
- $50,001 to $150,00023.4%15
- $150,001 to $350,00028.1%18
- $350,001 to $1 million14.1%9
- $1 million to $2 million6.3%4
- Over $2 million3.1%2
Loan terms
- 5 years or less31.3%20
- Over 5 to 10 years53.1%34
- Over 10 to 20 years4.7%3
- Over 20 years10.9%7
Age of the businesses
- Existing, more than 2 years old45.3%29
- New business, 2 years or less23.4%15
- Startup, loan funds will open the business23.4%15
- Change of ownership7.8%5
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 34 | 53.1% | |
| 2 | SBA Express Program | 28 | 43.8% | |
| 3 | 7a General | 2 | 3.1% |
Franchise share
1 of 64 approvals in FY2021–FY2025 (1.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Blaze Pizza | 1 | 1.6% |
Questions and answers
How many SBA loans does Katahdin Trust Company make?
SBA approved 11 7(a) loans through Katahdin Trust Company in FY2025, worth $1.6M, and 64 over FY2021 to FY2025. That ranks 437th of 2,184 active 7(a) lenders by number of approvals.
How large are Katahdin Trust Company's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $158K and the average $398K. The program-wide median was $190K.
What is Katahdin Trust Company's charge-off rate?
Of 251 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (2.8%), 226 as paid in full and 18 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Katahdin Trust Company lend to most?
By number of approvals in FY2021 to FY2025: logging (15); specialized freight trucking (9); general freight trucking (7); lessors of real estate (5).
Where does Katahdin Trust Company make SBA loans?
In 1 state or territory. Maine 64. In Maine it accounts for 3.9% of all 7(a) approvals.
Is Katahdin Trust Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 41, against 29 in the three before: rising (+41%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error