FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Maine, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 299 loans in Maine: 240 under 7(a) and 59 under 504, worth $78.0M.
That is down 14% on FY2018, when there were 348 approvals worth $81.8M.
Maine accounted for 0.5% of the 58,006 approvals nationwide that year. 40 lenders had at least one approval in the state; Bangor Savings Bank had the most, 52.
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 FY2019, of 40 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | 7(a) | 52 | $5.6M | 17.4% | 53 | -1 |
| 2 | TD Bank, National Association | 7(a) | 51 | $1.6M | 17.1% | 88 | -37 |
| 3 | Granite State Economic Development Corporation | 504 | 48 | $20.1M | 16.1% | 44 | +4 |
| 4 | Camden National Bank | 7(a) | 21 | $5.9M | 7.0% | 12 | +9 |
| 5 | Empeople Credit Union | 7(a) | 16 | $841K | 5.4% | 11 | +5 |
| 6 | Southern Maine Finance Agency | 504 | 10 | $4.1M | 3.3% | 12 | -2 |
| 7 | Manufacturers and Traders Trust Company | 7(a) | 8 | $782K | 2.7% | 7 | +1 |
| 8 | Partners Bank of New England | 7(a) | 8 | $415K | 2.7% | 2 | +6 |
| 9 | KeyBank National Association | 7(a) | 7 | $5.6M | 2.3% | 8 | -1 |
| 10 | Kennebunk Savings Bank | 7(a) | 7 | $1.6M | 2.3% | 6 | +1 |
| 11 | Bath Savings Institution | 7(a) | 7 | $839K | 2.3% | 3 | +4 |
| 12 | Maine Community Bank | 7(a) | 6 | $1.3M | 2.0% | 10 | -4 |
| 13 | Norway Savings Bank | 7(a) | 5 | $3.2M | 1.7% | 10 | -5 |
| 14 | Live Oak Banking Company | 7(a) | 4 | $3.4M | 1.3% | 1 | +3 |
| 15 | Stearns Bank National Association | 7(a) | 4 | $1.3M | 1.3% | 2 | +2 |
| 16 | Seaboard FCU | 7(a) | 4 | $270K | 1.3% | 5 | -1 |
| 17 | Katahdin Trust Company | 7(a) | 3 | $2.0M | 1.0% | 14 | -11 |
| 18 | Northeast Bank | 7(a) | 3 | $1.2M | 1.0% | 1 | +2 |
| 19 | Machias Savings Bank | 7(a) | 3 | $944K | 1.0% | 1 | +2 |
| 20 | BayFirst National Bank | 7(a) | 3 | $500K | 1.0% | 2 | +1 |
| 21 | Acadia FCU | 7(a) | 3 | $181K | 1.0% | 4 | -1 |
| 22 | Readycap Lending, LLC | 7(a) | 2 | — | 0.7% | 0 | new |
| 23 | Celtic Bank Corporation | 7(a) | 2 | — | 0.7% | 3 | -1 |
| 24 | Byline Bank | 7(a) | 2 | — | 0.7% | 0 | new |
| 25 | Cornerstone Bank | 7(a) | 2 | — | 0.7% | 3 | -1 |
| 26 | CIBC Bank USA | 7(a) | 2 | — | 0.7% | 0 | new |
| 27 | Bar Harbor Bank & Trust | 7(a) | 2 | — | 0.7% | 10 | -8 |
| 28 | NorState FCU | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 29 | Beacon Bank and Trust | 7(a) | 1 | — | 0.3% | 0 | new |
| 30 | BankUnited, National Association | 7(a) | 1 | — | 0.3% | 0 | new |
| 31 | Seacoast National Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 32 | Legacy Bank & Trust Company | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | Eastern Maine Development Corporation | 504 | 1 | — | 0.3% | 3 | -2 |
| 34 | Primary Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 35 | Five Star Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 36 | Atlantic Regional Federal Credit Union | 7(a) | 1 | — | 0.3% | 0 | new |
| 37 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 0.3% | 4 | -3 |
| 38 | Franklin Savings Bank | 7(a) | 1 | — | 0.3% | 6 | -5 |
| 39 | University Credit Union | 7(a) | 1 | — | 0.3% | 0 | new |
| 40 | Bank of America, National Association | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Cumberland County | 105 | $30.7M | 35.1% | 123 | -18 |
| 2 | York County | 73 | $13.9M | 24.4% | 76 | -3 |
| 3 | Penobscot County | 41 | $9.6M | 13.7% | 38 | +3 |
| 4 | Androscoggin County | 14 | $6.4M | 4.7% | 14 | 0 |
| 5 | Sagadahoc County | 12 | $6.5M | 4.0% | 8 | +4 |
| 6 | Lincoln County | 10 | $1.7M | 3.3% | 2 | +8 |
| 7 | Hancock County | 8 | $1.9M | 2.7% | 17 | -9 |
| 8 | Aroostook County | 8 | $1.9M | 2.7% | 19 | -11 |
| 9 | Knox County | 8 | $1.3M | 2.7% | 14 | -6 |
| 10 | Waldo County | 7 | $722K | 2.3% | 4 | +3 |
| 11 | Oxford County | 4 | $1.9M | 1.3% | 6 | -2 |
| 12 | Kennebec County | 4 | $818K | 1.3% | 9 | -5 |
| 13 | Franklin County | 2 | — | 0.7% | 4 | -2 |
| 14 | Somerset County | 2 | — | 0.7% | 8 | -6 |
| 15 | Piscataquis County | 1 | — | 0.3% | 1 | 0 |
FY2019 against FY2018
| Maine | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 240 | 289 |
| 7(a) dollars | $53.5M | $49.8M |
| Median 7(a) approval | $63K | $66K |
| 504 approvals | 59 | 59 |
| 504 dollars | $24.5M | $32.0M |
| Jobs supported, as reported | 2,215 | 2,078 |
Questions and answers
Which lenders made the most SBA loans in Maine in FY2019?
Bangor Savings Bank (52), TD Bank, National Association (51), Granite State Economic Development Corporation (48), Camden National Bank (21), Empeople Credit Union (16). 40 lenders had at least one approval.
How many SBA loans were approved in Maine in FY2019?
299: 240 under 7(a) worth $53.5M and 59 under 504 worth $24.5M.
Which Maine counties had the most SBA approvals in FY2019?
Cumberland County (105), York County (73), Penobscot County (41), Androscoggin County (14), Sagadahoc County (12).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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