Lenders › Machias Savings Bank
7(a) lenderMachias, MaineFDIC-insured bank467th of 2,184 by approvals
Machias Savings Bank
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.
Machias Savings Bank (Machias, Maine) is an FDIC-insured bank in the SBA 7(a) program, 467th of 2,184 by approvals in FY2021 to FY2025: 57 loans worth $20.5M.
In FY2025, the latest complete fiscal year, it had 10 approvals totalling $1.7M, down 37% on FY2024 (16). FY2026 to 30 Jun 2026 adds 17 more.
The median approval was $160K, against $190K for the 7(a) program as a whole; 47.4% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 11 counties, led by Maine (100.0%). The largest industry group was arts, entertainment, and recreation at 17.5% of approvals, and 7.0% of approvals were to franchise businesses.
Of 82 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (7.3%), 65 as paid in full and 11 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 17 | $5.0M | $250K | $295K | 59 |
| FY2025 | 10 | $1.7M | $114K | $169K | 119 |
| FY2024 | 16 | $9.5M | $150K | $592K | 151 |
| FY2023 | 6 | $2.8M | $291K | $460K | 106 |
| FY2022 | 12 | $3.3M | $69K | $272K | 64 |
| FY2021 | 13 | $3.3M | $237K | $251K | 128 |
| FY2020 | 3 | $1.9M | $550K | $618K | 17 |
| FY2019 | 4 | $1.2M | $199K | $312K | 63 |
| FY2018 | 1 | — | — | — | 6 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 3 | $170K | $50K | $57K | 12 |
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 11 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 | 111 | 3,794 | 639,905 |
| Cancelled or never disbursed | 29 | 409 | 79,313 |
| Disbursed loans | 82 | 3,385 | 560,592 |
| Paid in full | 65 | 2,851 | 435,813 |
| Charged off | 6 | 145 | 36,891 |
| Still outstanding (status exempt from disclosure) | 11 | 389 | 87,888 |
| Charged off, share of disbursed loans | 7.3% | 4.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 9.2% | 2.5% | 2.5% |
| Dollars charged off | $1.9M | $16.4M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 13 | 3 | 1 | — | 2.8% |
| FY2020 | 3 | 2 | 0 | — | 4.0% |
| FY2019 | 4 | 4 | 0 | — | 6.7% |
| FY2018 | 1 | 1 | 0 | — | 7.9% |
| FY2017 | 0 | 0 | 0 | — | 7.7% |
| FY2016 | 3 | 3 | 0 | — | 7.2% |
| FY2015 | 6 | 6 | 0 | — | 6.9% |
| FY2014 | 8 | 6 | 2 | — | 6.4% |
| FY2013 | 6 | 6 | 0 | — | 6.0% |
| FY2012 | 1 | 0 | 1 | — | 6.3% |
| FY2011 | 16 | 15 | 0 | — | 6.9% |
| FY2010 | 21 | 19 | 2 | — | 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 | $160K | $190K |
| Average approval | $359K | $518K |
| Approvals of $150,000 or less | 47.4% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 33.3% | 34.3% |
| Approvals to franchise businesses | 7.0% | 11.5% |
| Jobs supported per approval, as reported | 10.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 7.3% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Maine | 57 | $20.5M | 100.0% |
In Maine the lender accounts for 3.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Penobscot County, ME | 23 | $4.8M | 40.4% | |
| 2 | Hancock County, ME | 12 | $4.2M | 21.1% | |
| 3 | Kennebec County, ME | 6 | $1.7M | 10.5% | |
| 4 | Cumberland County, ME | 4 | $919K | 7.0% | |
| 5 | York County, ME | 3 | $937K | 5.3% | |
| 6 | Waldo County, ME | 3 | $934K | 5.3% | |
| 7 | Knox County, ME | 2 | — | 3.5% | |
| 8 | Aroostook County, ME | 1 | — | 1.8% | |
| 9 | Somerset County, ME | 1 | — | 1.8% | |
| 10 | Sagadahoc County, ME | 1 | — | 1.8% | |
| 11 | Androscoggin County, ME | 1 | — | 1.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Arts, Entertainment, and Recreation | 10 | 17.5% | |
| 2 | Accommodation and Food Services | 7 | 12.3% | |
| 3 | Other Services (except Public Administration) | 5 | 8.8% | |
| 4 | Manufacturing | 5 | 8.8% | |
| 5 | Construction | 5 | 8.8% | |
| 6 | Health Care and Social Assistance | 4 | 7.0% | |
| 7 | Real Estate and Rental and Leasing | 4 | 7.0% | |
| 8 | Professional, Scientific, and Technical Services | 4 | 7.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 14.0% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 12.3% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 7.0% | |
| 4 | Other Personal ServicesNAICS 8129 | 4 | 7.0% | |
| 5 | Advertising, Public Relations, and Related ServicesNAICS 5418 | 4 | 7.0% | |
| 6 | Lessors of Real EstateNAICS 5311 | 2 | 3.5% | |
| 7 | Couriers and Express Delivery ServicesNAICS 4921 | 2 | 3.5% | |
| 8 | Beverage ManufacturingNAICS 3121 | 2 | 3.5% | |
| 9 | Other Schools and InstructionNAICS 6116 | 2 | 3.5% | |
| 10 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 2 | 3.5% |
Approval sizes
- $50,000 or less19.3%11
- $50,001 to $150,00028.1%16
- $150,001 to $350,00028.1%16
- $350,001 to $1 million17.5%10
- $1 million to $2 million5.3%3
- Over $2 million1.8%1
Loan terms
- 5 years or less10.5%6
- Over 5 to 10 years70.2%40
- Over 10 to 20 years12.3%7
- Over 20 years7.0%4
Age of the businesses
- Existing, more than 2 years old33.3%19
- New business, 2 years or less24.6%14
- Startup, loan funds will open the business8.8%5
- Change of ownership33.3%19
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 42 | 73.7% | |
| 2 | SBA Express Program | 15 | 26.3% |
Franchise share
4 of 57 approvals in FY2021–FY2025 (7.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Coffee News | 3 | 5.3% | |
| 2 | Aroma Joe’s | 1 | 1.8% |
Questions and answers
How many SBA loans does Machias Savings Bank make?
SBA approved 10 7(a) loans through Machias Savings Bank in FY2025, worth $1.7M, and 57 over FY2021 to FY2025. That ranks 467th of 2,184 active 7(a) lenders by number of approvals.
How large are Machias Savings Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $160K and the average $359K. The program-wide median was $190K.
What is Machias Savings Bank's charge-off rate?
Of 82 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (7.3%), 65 as paid in full and 11 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 Machias Savings Bank lend to most?
By number of approvals in FY2021 to FY2025: other amusement and recreation industries (8); restaurants and other eating places (7); other specialty trade contractors (4); other personal services (4).
Where does Machias Savings Bank make SBA loans?
In 1 state or territory. Maine 57. In Maine it accounts for 3.4% of all 7(a) approvals.
Is Machias Savings Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 32, against 28 in the three before: rising (+14%).
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