FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Maine, FY2016
That fiscal year's approvals by lender and by county.
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 FY2016 (1 October 2015 to 30 September 2016) SBA approved 380 loans in Maine: 321 under 7(a) and 59 under 504, worth $93.3M.
That is down 22% on FY2015, when there were 486 approvals worth $84.0M.
Maine accounted for 0.5% of the 70,012 approvals nationwide that year. 38 lenders had at least one approval in the state; Bangor Savings Bank had the most, 75.
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.
Approvals by lender
The 38 lenders with the most approvals to Maine businesses in FY2016, of 38 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | 7(a) | 75 | $12.2M | 19.7% | 96 | -21 |
| 2 | Granite State Economic Development Corporation | 504 | 46 | $21.1M | 12.1% | 24 | +22 |
| 3 | TD Bank, National Association | 7(a) | 39 | $6.0M | 10.3% | 42 | -3 |
| 4 | Katahdin Trust Company | 7(a) | 22 | $2.6M | 5.8% | 47 | -25 |
| 5 | Camden National Bank | 7(a) | 21 | $2.4M | 5.5% | 64 | -43 |
| 6 | Kennebunk Savings Bank | 7(a) | 18 | $1.7M | 4.7% | 11 | +7 |
| 7 | Northeast Bank | 7(a) | 15 | $4.6M | 3.9% | 7 | +8 |
| 8 | Manufacturers and Traders Trust Company | 7(a) | 14 | $6.4M | 3.7% | 12 | +2 |
| 9 | KeyBank National Association | 7(a) | 14 | $2.7M | 3.7% | 13 | +1 |
| 10 | Norway Savings Bank | 7(a) | 12 | $1.6M | 3.2% | 9 | +3 |
| 11 | Southern Maine Finance Agency | 504 | 11 | $5.0M | 2.9% | 10 | +1 |
| 12 | Eastern Maine Development Corporation | 7(a) | 10 | $1.8M | 2.6% | 13 | -3 |
| 13 | Seaboard FCU | 7(a) | 10 | $678K | 2.6% | 0 | new |
| 14 | Partners Bank of New England | 7(a) | 9 | $1.9M | 2.4% | 2 | +7 |
| 15 | Bar Harbor Bank & Trust | 7(a) | 7 | $3.1M | 1.8% | 26 | -19 |
| 16 | The County FCU | 7(a) | 7 | $477K | 1.8% | 7 | 0 |
| 17 | Bath Savings Institution | 7(a) | 5 | $634K | 1.3% | 4 | +1 |
| 18 | Androscoggin Savings Bank | 7(a) | 4 | $5.2M | 1.1% | 15 | -11 |
| 19 | Live Oak Banking Company | 7(a) | 4 | $3.7M | 1.1% | 2 | +2 |
| 20 | Maine Community Bank | 7(a) | 4 | $1.3M | 1.1% | 2 | +2 |
| 21 | Saco and Biddeford Savings Institution | 7(a) | 3 | $325K | 0.8% | 2 | +1 |
| 22 | Franklin Savings Bank | 7(a) | 3 | $306K | 0.8% | 15 | -12 |
| 23 | Celtic Bank Corporation | 7(a) | 3 | $275K | 0.8% | 3 | 0 |
| 24 | Machias Savings Bank | 7(a) | 3 | $170K | 0.8% | 14 | -11 |
| 25 | University Credit Union | 7(a) | 3 | $90K | 0.8% | 2 | +1 |
| 26 | United Community Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 27 | Eastern Maine Development Corporation | 504 | 2 | — | 0.5% | 6 | -4 |
| 28 | Wells Fargo Bank National Association | 7(a) | 2 | — | 0.5% | 5 | -3 |
| 29 | Skowhegan Savings Bank | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 30 | Acadia FCU | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 31 | North Valley Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 32 | PNC Bank, National Association | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | Pathward National Association | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 34 | Stearns Bank National Association | 7(a) | 1 | — | 0.3% | 0 | new |
| 35 | Beacon Bank and Trust | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 36 | Needham Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 37 | Eastern Bank | 7(a) | 1 | — | 0.3% | 6 | -5 |
| 38 | Lighthouse Federal Credit Union | 7(a) | 1 | — | 0.3% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Cumberland County | 121 | $39.9M | 31.8% | 93 | +28 |
| 2 | York County | 73 | $13.7M | 19.2% | 76 | -3 |
| 3 | Penobscot County | 44 | $8.7M | 11.6% | 49 | -5 |
| 4 | Hancock County | 18 | $2.3M | 4.7% | 43 | -25 |
| 5 | Aroostook County | 18 | $1.5M | 4.7% | 39 | -21 |
| 6 | Kennebec County | 18 | $2.4M | 4.7% | 53 | -35 |
| 7 | Oxford County | 17 | $5.3M | 4.5% | 18 | -1 |
| 8 | Waldo County | 13 | $4.0M | 3.4% | 15 | -2 |
| 9 | Knox County | 12 | $3.3M | 3.2% | 17 | -5 |
| 10 | Somerset County | 12 | $1.2M | 3.2% | 9 | +3 |
| 11 | Androscoggin County | 11 | $2.8M | 2.9% | 21 | -10 |
| 12 | Franklin County | 8 | $1.8M | 2.1% | 11 | -3 |
| 13 | Washington County | 5 | $4.1M | 1.3% | 11 | -6 |
| 14 | Piscataquis County | 4 | $1.6M | 1.1% | 6 | -2 |
| 15 | Sagadahoc County | 4 | $626K | 1.1% | 16 | -12 |
| 16 | Lincoln County | 2 | — | 0.5% | 9 | -7 |
FY2016 against FY2015
| Maine | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 321 | 446 |
| 7(a) dollars | $66.4M | $65.7M |
| Median 7(a) approval | $75K | $50K |
| 504 approvals | 59 | 40 |
| 504 dollars | $26.9M | $18.3M |
| Jobs supported, as reported | 2,894 | 3,797 |
Questions and answers
Which lenders made the most SBA loans in Maine in FY2016?
Bangor Savings Bank (75), Granite State Economic Development Corporation (46), TD Bank, National Association (39), Katahdin Trust Company (22), Camden National Bank (21). 38 lenders had at least one approval.
How many SBA loans were approved in Maine in FY2016?
380: 321 under 7(a) worth $66.4M and 59 under 504 worth $26.9M.
Which Maine counties had the most SBA approvals in FY2016?
Cumberland County (121), York County (73), Penobscot County (44), Hancock County (18), Aroostook County (18).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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