FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Maine, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 377 loans in Maine: 303 under 7(a) and 74 under 504, worth $109M.
That is about level with FY2016, when there were 380 approvals worth $93.3M.
Maine accounted for 0.5% of the 68,648 approvals nationwide that year. 40 lenders had at least one approval in the state; Bangor Savings Bank had the most, 69.
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 40 lenders with the most approvals to Maine businesses in FY2017, of 40 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | 7(a) | 69 | $10.9M | 18.3% | 75 | -6 |
| 2 | Granite State Economic Development Corporation | 504 | 64 | $36.4M | 17.0% | 46 | +18 |
| 3 | TD Bank, National Association | 7(a) | 56 | $6.3M | 14.9% | 39 | +17 |
| 4 | Katahdin Trust Company | 7(a) | 27 | $4.8M | 7.2% | 22 | +5 |
| 5 | KeyBank National Association | 7(a) | 19 | $3.2M | 5.0% | 14 | +5 |
| 6 | Kennebunk Savings Bank | 7(a) | 17 | $2.2M | 4.5% | 18 | -1 |
| 7 | Camden National Bank | 7(a) | 12 | $2.3M | 3.2% | 21 | -9 |
| 8 | Manufacturers and Traders Trust Company | 7(a) | 10 | $1.3M | 2.7% | 14 | -4 |
| 9 | Norway Savings Bank | 7(a) | 8 | $1.3M | 2.1% | 12 | -4 |
| 10 | Live Oak Banking Company | 7(a) | 6 | $11.6M | 1.6% | 4 | +2 |
| 11 | Needham Bank | 7(a) | 6 | $1.7M | 1.6% | 1 | +5 |
| 12 | Seaboard FCU | 7(a) | 6 | $193K | 1.6% | 10 | -4 |
| 13 | Celtic Bank Corporation | 7(a) | 5 | $3.6M | 1.3% | 3 | +2 |
| 14 | Southern Maine Finance Agency | 504 | 5 | $2.2M | 1.3% | 11 | -6 |
| 15 | Eastern Maine Development Corporation | 504 | 5 | $1.4M | 1.3% | 2 | +3 |
| 16 | Franklin Savings Bank | 7(a) | 5 | $621K | 1.3% | 3 | +2 |
| 17 | BayFirst National Bank | 7(a) | 4 | $935K | 1.1% | 0 | new |
| 18 | Eastern Maine Development Corporation | 7(a) | 4 | $684K | 1.1% | 10 | -6 |
| 19 | Bar Harbor Bank & Trust | 7(a) | 4 | $591K | 1.1% | 7 | -3 |
| 20 | Androscoggin Savings Bank | 7(a) | 4 | $570K | 1.1% | 4 | 0 |
| 21 | Citizens Bank, National Association | 7(a) | 4 | $383K | 1.1% | 0 | new |
| 22 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $1.4M | 0.8% | 0 | new |
| 23 | Bath Savings Institution | 7(a) | 3 | $925K | 0.8% | 5 | -2 |
| 24 | Partners Bank of New England | 7(a) | 3 | $575K | 0.8% | 9 | -6 |
| 25 | The County FCU | 7(a) | 3 | $326K | 0.8% | 7 | -4 |
| 26 | Beacon Bank and Trust | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 27 | Firstrust Savings Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 28 | Wells Fargo Bank National Association | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 29 | The Huntington National Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 30 | CRF Small Business Loan Company, LLC | 7(a) | 2 | — | 0.5% | 0 | new |
| 31 | Independence Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 32 | Northeast Bank | 7(a) | 2 | — | 0.5% | 15 | -13 |
| 33 | Maine Community Bank | 7(a) | 2 | — | 0.5% | 4 | -2 |
| 34 | Eastern Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 35 | University Credit Union | 7(a) | 2 | — | 0.5% | 3 | -1 |
| 36 | Meredith Village Savings Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | CEI 7(a) Financing LLC ("C7a") | 7(a) | 1 | — | 0.3% | 0 | new |
| 38 | Skowhegan Savings Bank | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 39 | Saco and Biddeford Savings Institution | 7(a) | 1 | — | 0.3% | 3 | -2 |
| 40 | BrightBridge Credit Union | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Cumberland County | 121 | $36.6M | 32.1% | 121 | 0 |
| 2 | York County | 87 | $29.4M | 23.1% | 73 | +14 |
| 3 | Penobscot County | 39 | $8.0M | 10.3% | 44 | -5 |
| 4 | Hancock County | 19 | $2.4M | 5.0% | 18 | +1 |
| 5 | Oxford County | 16 | $3.7M | 4.2% | 17 | -1 |
| 6 | Androscoggin County | 16 | $3.3M | 4.2% | 11 | +5 |
| 7 | Kennebec County | 14 | $11.7M | 3.7% | 18 | -4 |
| 8 | Aroostook County | 13 | $3.4M | 3.4% | 18 | -5 |
| 9 | Sagadahoc County | 9 | $2.3M | 2.4% | 4 | +5 |
| 10 | Knox County | 9 | $1.6M | 2.4% | 12 | -3 |
| 11 | Waldo County | 7 | $1.4M | 1.9% | 13 | -6 |
| 12 | Somerset County | 7 | $1.5M | 1.9% | 12 | -5 |
| 13 | Lincoln County | 6 | $1.8M | 1.6% | 2 | +4 |
| 14 | Washington County | 5 | $453K | 1.3% | 5 | 0 |
| 15 | Franklin County | 5 | $364K | 1.3% | 8 | -3 |
| 16 | Piscataquis County | 4 | $417K | 1.1% | 4 | 0 |
FY2017 against FY2016
| Maine | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 303 | 321 |
| 7(a) dollars | $68.5M | $66.4M |
| Median 7(a) approval | $84K | $75K |
| 504 approvals | 74 | 59 |
| 504 dollars | $40.0M | $26.9M |
| Jobs supported, as reported | 2,886 | 2,894 |
Questions and answers
Which lenders made the most SBA loans in Maine in FY2017?
Bangor Savings Bank (69), Granite State Economic Development Corporation (64), TD Bank, National Association (56), Katahdin Trust Company (27), KeyBank National Association (19). 40 lenders had at least one approval.
How many SBA loans were approved in Maine in FY2017?
377: 303 under 7(a) worth $68.5M and 74 under 504 worth $40.0M.
Which Maine counties had the most SBA approvals in FY2017?
Cumberland County (121), York County (87), Penobscot County (39), Hancock County (19), Oxford County (16).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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