FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Maine, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 348 loans in Maine: 289 under 7(a) and 59 under 504, worth $81.8M.
That is down 8% on FY2017, when there were 377 approvals worth $109M.
Maine accounted for 0.5% of the 66,228 approvals nationwide that year. 38 lenders had at least one approval in the state; TD Bank, National Association had the most, 88.
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 FY2018, of 38 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 88 | $5.5M | 25.3% | 56 | +32 |
| 2 | Bangor Savings Bank | 7(a) | 53 | $5.4M | 15.2% | 69 | -16 |
| 3 | Granite State Economic Development Corporation | 504 | 44 | $25.0M | 12.6% | 64 | -20 |
| 4 | Katahdin Trust Company | 7(a) | 14 | $2.6M | 4.0% | 27 | -13 |
| 5 | Southern Maine Finance Agency | 504 | 12 | $6.3M | 3.4% | 5 | +7 |
| 6 | Camden National Bank | 7(a) | 12 | $1.4M | 3.4% | 12 | 0 |
| 7 | Empeople Credit Union | 7(a) | 11 | $910K | 3.2% | 0 | new |
| 8 | Norway Savings Bank | 7(a) | 10 | $5.2M | 2.9% | 8 | +2 |
| 9 | Maine Community Bank | 7(a) | 10 | $1.8M | 2.9% | 2 | +8 |
| 10 | Bar Harbor Bank & Trust | 7(a) | 10 | $1.3M | 2.9% | 4 | +6 |
| 11 | KeyBank National Association | 7(a) | 8 | $5.8M | 2.3% | 19 | -11 |
| 12 | Manufacturers and Traders Trust Company | 7(a) | 7 | $733K | 2.0% | 10 | -3 |
| 13 | Kennebunk Savings Bank | 7(a) | 6 | $531K | 1.7% | 17 | -11 |
| 14 | Franklin Savings Bank | 7(a) | 6 | $444K | 1.7% | 5 | +1 |
| 15 | Eastern Maine Development Corporation | 7(a) | 5 | $959K | 1.4% | 4 | +1 |
| 16 | Eastern Bank | 7(a) | 5 | $567K | 1.4% | 2 | +3 |
| 17 | Seaboard FCU | 7(a) | 5 | $242K | 1.4% | 6 | -1 |
| 18 | Newtek Small Business Finance, Inc. | 7(a) | 4 | $1.7M | 1.1% | 3 | +1 |
| 19 | Acadia FCU | 7(a) | 4 | $465K | 1.1% | 0 | new |
| 20 | Celtic Bank Corporation | 7(a) | 3 | $2.1M | 0.9% | 5 | -2 |
| 21 | Bath Savings Institution | 7(a) | 3 | $851K | 0.9% | 3 | 0 |
| 22 | Cornerstone Bank | 7(a) | 3 | $832K | 0.9% | 0 | new |
| 23 | Eastern Maine Development Corporation | 504 | 3 | $714K | 0.9% | 5 | -2 |
| 24 | Partners Bank of New England | 7(a) | 2 | — | 0.6% | 3 | -1 |
| 25 | Needham Bank | 7(a) | 2 | — | 0.6% | 6 | -4 |
| 26 | SouthState Bank, National Association | 7(a) | 2 | — | 0.6% | 0 | new |
| 27 | BayFirst National Bank | 7(a) | 2 | — | 0.6% | 4 | -2 |
| 28 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 0.6% | 0 | new |
| 29 | Stearns Bank National Association | 7(a) | 2 | — | 0.6% | 0 | new |
| 30 | Independence Bank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 31 | Wells Fargo Bank National Association | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 32 | Live Oak Banking Company | 7(a) | 1 | — | 0.3% | 6 | -5 |
| 33 | FinWise Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 34 | Androscoggin Savings Bank | 7(a) | 1 | — | 0.3% | 4 | -3 |
| 35 | Machias Savings Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | The Huntington National Bank | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 37 | NorState FCU | 7(a) | 1 | — | 0.3% | 0 | new |
| 38 | Northeast Bank | 7(a) | 1 | — | 0.3% | 2 | -1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Cumberland County | 123 | $28.7M | 35.3% | 121 | +2 |
| 2 | York County | 76 | $27.0M | 21.8% | 87 | -11 |
| 3 | Penobscot County | 38 | $4.2M | 10.9% | 39 | -1 |
| 4 | Aroostook County | 19 | $2.1M | 5.5% | 13 | +6 |
| 5 | Hancock County | 17 | $3.0M | 4.9% | 19 | -2 |
| 6 | Androscoggin County | 14 | $3.8M | 4.0% | 16 | -2 |
| 7 | Knox County | 14 | $3.2M | 4.0% | 9 | +5 |
| 8 | Kennebec County | 9 | $1.7M | 2.6% | 14 | -5 |
| 9 | Sagadahoc County | 8 | $1.0M | 2.3% | 9 | -1 |
| 10 | Somerset County | 8 | $1.2M | 2.3% | 7 | +1 |
| 11 | Oxford County | 6 | $706K | 1.7% | 16 | -10 |
| 12 | Washington County | 5 | $497K | 1.4% | 5 | 0 |
| 13 | Franklin County | 4 | $609K | 1.1% | 5 | -1 |
| 14 | Waldo County | 4 | $1.7M | 1.1% | 7 | -3 |
| 15 | Lincoln County | 2 | — | 0.6% | 6 | -4 |
| 16 | Piscataquis County | 1 | — | 0.3% | 4 | -3 |
FY2018 against FY2017
| Maine | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 289 | 303 |
| 7(a) dollars | $49.8M | $68.5M |
| Median 7(a) approval | $66K | $84K |
| 504 approvals | 59 | 74 |
| 504 dollars | $32.0M | $40.0M |
| Jobs supported, as reported | 2,078 | 2,886 |
Questions and answers
Which lenders made the most SBA loans in Maine in FY2018?
TD Bank, National Association (88), Bangor Savings Bank (53), Granite State Economic Development Corporation (44), Katahdin Trust Company (14), Southern Maine Finance Agency (12). 38 lenders had at least one approval.
How many SBA loans were approved in Maine in FY2018?
348: 289 under 7(a) worth $49.8M and 59 under 504 worth $32.0M.
Which Maine counties had the most SBA approvals in FY2018?
Cumberland County (123), York County (76), Penobscot County (38), Aroostook County (19), Hancock County (17).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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