FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Maine, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 465 loans in Maine: 411 under 7(a) and 54 under 504, worth $147M.
That is up 11% on FY2024, when there were 419 approvals worth $118M.
Maine accounted for 0.5% of the 84,840 approvals nationwide that year. 47 lenders had at least one approval in the state; TD Bank, National Association had the most, 87.
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 FY2025, of 47 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 7(a) | 87 | $6.8M | 18.7% | 91 | -4 |
| 2 | Bangor Savings Bank | 7(a) | 50 | $11.0M | 10.8% | 47 | +3 |
| 3 | Granite State Economic Development Corporation | 504 | 43 | $37.7M | 9.2% | 44 | -1 |
| 4 | Maine Community Bank | 7(a) | 40 | $12.8M | 8.6% | 53 | -13 |
| 5 | Manufacturers and Traders Trust Company | 7(a) | 30 | $3.4M | 6.5% | 10 | +20 |
| 6 | Northeast Bank | 7(a) | 28 | $5.7M | 6.0% | 10 | +18 |
| 7 | Androscoggin Savings Bank | 7(a) | 20 | $4.1M | 4.3% | 7 | +13 |
| 8 | Atlantic Regional Federal Credit Union | 7(a) | 17 | $1.2M | 3.7% | 5 | +12 |
| 9 | Bar Harbor Bank & Trust | 7(a) | 13 | $2.3M | 2.8% | 17 | -4 |
| 10 | Southern Maine Finance Agency | 504 | 11 | $5.6M | 2.4% | 4 | +7 |
| 11 | Norway Savings Bank | 7(a) | 11 | $4.1M | 2.4% | 19 | -8 |
| 12 | Newtek Bank, National Association | 7(a) | 11 | $1.7M | 2.4% | 5 | +6 |
| 13 | Katahdin Trust Company | 7(a) | 11 | $1.6M | 2.4% | 17 | -6 |
| 14 | Machias Savings Bank | 7(a) | 10 | $1.7M | 2.2% | 16 | -6 |
| 15 | KeyBank National Association | 7(a) | 10 | $890K | 2.2% | 8 | +2 |
| 16 | Live Oak Banking Company | 7(a) | 7 | $13.0M | 1.5% | 0 | new |
| 17 | Franklin Savings Bank | 7(a) | 6 | $1.6M | 1.3% | 3 | +3 |
| 18 | Kennebunk Savings Bank | 7(a) | 6 | $1.4M | 1.3% | 9 | -3 |
| 19 | Bath Savings Institution | 7(a) | 5 | $3.7M | 1.1% | 6 | -1 |
| 20 | BayFirst National Bank | 7(a) | 5 | $700K | 1.1% | 7 | -2 |
| 21 | Readycap Lending, LLC | 7(a) | 4 | $796K | 0.9% | 6 | -2 |
| 22 | Saco and Biddeford Savings Institution | 7(a) | 4 | $785K | 0.9% | 2 | +2 |
| 23 | Eastern Bank | 7(a) | 3 | $1.3M | 0.6% | 1 | +2 |
| 24 | The Huntington National Bank | 7(a) | 3 | $714K | 0.6% | 3 | 0 |
| 25 | First Bank of the Lake | 7(a) | 3 | $575K | 0.6% | 0 | new |
| 26 | Seaboard FCU | 7(a) | 3 | $114K | 0.6% | 4 | -1 |
| 27 | Northwest Bank | 7(a) | 2 | — | 0.4% | 0 | new |
| 28 | Lendistry SBLC, LLC | 7(a) | 2 | — | 0.4% | 0 | new |
| 29 | Heritage Bank Inc | 7(a) | 2 | — | 0.4% | 0 | new |
| 30 | Pathward National Association | 7(a) | 1 | — | 0.2% | 0 | new |
| 31 | Customers Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 32 | Byline Bank | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 33 | Fifth Third Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 34 | Hanover Community Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 35 | Camden National Bank | 7(a) | 1 | — | 0.2% | 0 | new |
| 36 | Bank of Hope | 7(a) | 1 | — | 0.2% | 0 | new |
| 37 | United Midwest Savings Bank National Association | 7(a) | 1 | — | 0.2% | 1 | 0 |
| 38 | TowneBank | 7(a) | 1 | — | 0.2% | 0 | new |
| 39 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.2% | 0 | new |
| 40 | Harvest Small Business Finance, LLC | 7(a) | 1 | — | 0.2% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Cumberland County | 150 | $51.2M | 32.3% | 136 | +14 |
| 2 | York County | 96 | $27.9M | 20.6% | 89 | +7 |
| 3 | Penobscot County | 33 | $8.9M | 7.1% | 35 | -2 |
| 4 | Androscoggin County | 32 | $8.9M | 6.9% | 30 | +2 |
| 5 | Kennebec County | 25 | $8.3M | 5.4% | 17 | +8 |
| 6 | Oxford County | 24 | $3.8M | 5.2% | 15 | +9 |
| 7 | Hancock County | 19 | $10.4M | 4.1% | 25 | -6 |
| 8 | Knox County | 17 | $4.5M | 3.7% | 13 | +4 |
| 9 | Lincoln County | 14 | $7.8M | 3.0% | 9 | +5 |
| 10 | Aroostook County | 13 | $2.6M | 2.8% | 17 | -4 |
| 11 | Sagadahoc County | 13 | $4.0M | 2.8% | 8 | +5 |
| 12 | Washington County | 9 | $1.3M | 1.9% | 1 | +8 |
| 13 | Waldo County | 7 | $1.5M | 1.5% | 3 | +4 |
| 14 | Franklin County | 5 | $4.4M | 1.1% | 3 | +2 |
| 15 | Somerset County | 5 | $1.3M | 1.1% | 13 | -8 |
| 16 | Piscataquis County | 3 | $559K | 0.6% | 5 | -2 |
FY2025 against FY2024
| Maine | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 411 | 371 |
| 7(a) dollars | $104M | $86.3M |
| Median 7(a) approval | $100K | $90K |
| 504 approvals | 54 | 48 |
| 504 dollars | $43.3M | $31.7M |
| Jobs supported, as reported | 3,668 | 3,092 |
Questions and answers
Which lenders made the most SBA loans in Maine in FY2025?
TD Bank, National Association (87), Bangor Savings Bank (50), Granite State Economic Development Corporation (43), Maine Community Bank (40), Manufacturers and Traders Trust Company (30). 47 lenders had at least one approval.
How many SBA loans were approved in Maine in FY2025?
465: 411 under 7(a) worth $104M and 54 under 504 worth $43.3M.
Which Maine counties had the most SBA approvals in FY2025?
Cumberland County (150), York County (96), Penobscot County (33), Androscoggin County (32), Kennebec County (25).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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