Best Maine SBA Lenders & Rates of 2026

Compare 44 SBA lenders in Maine. $77.2M funded across 320 businesses. Average rate 9.51%. Get matched free.

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Best Maine SBA Lenders & Rates of 2026

$77.2M
Total Funded

320
Loans Approved

$241K
Avg Loan Size

9.51%
Avg Interest Rate

44
Active Lenders

SBA Loans in Maine

Maine businesses received $77.2M in SBA 7(a) loan approvals across 320 businesses in 2025. With 44 active SBA lenders competing for business in Maine, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Maine is $241K, with rates averaging 9.51%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Maine (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Maine businesses:

RankLenderVolumeLoansAvg Rate
1Maine Community Bank$7.9M327.62%
2Live Oak Banking Company$7.7M59.00%
3Bangor Savings Bank$7.0M318.30%
4TD Bank, National Association$5.2M7010.29%
5Northeast Bank$4.4M1910.78%
6Pathward National Association$4.0M29.75%
7Manufacturers and Traders Trust Company$3.8M3611.62%
8Bath Savings Institution$3.6M57.37%
9Androscoggin Savings Bank$3.2M177.56%
1022nd State Bank, A Division of 22nd State Banking Company$2.3M210.13%
11Byline Bank$2.0M19.75%
12Fifth Third Bank$1.7M17.50%
13Norway Savings Bank$1.6M58.05%
14Katahdin Trust Company$1.5M78.53%
15Kennebunk Savings Bank$1.4M68.36%
16KeyBank National Association$1.3M810.69%
17Franklin Savings Bank$1.3M58.05%
18Eastern Bank$1.3M39.08%
19Hanover Community Bank$1.2M19.50%
20Machias Savings Bank$1.2M48.75%

🤝 How to Get an SBA Loan in Maine

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Maine and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Maine SBA Lenders

Ready to apply for an SBA loan in Maine? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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