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.

Table of Contents

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:

Rank Lender Volume Loans Avg Rate
1 Maine Community Bank $7.9M 32 7.62%
2 Live Oak Banking Company $7.7M 5 9.00%
3 Bangor Savings Bank $7.0M 31 8.30%
4 TD Bank, National Association $5.2M 70 10.29%
5 Northeast Bank $4.4M 19 10.78%
6 Pathward National Association $4.0M 2 9.75%
7 Manufacturers and Traders Trust Company $3.8M 36 11.62%
8 Bath Savings Institution $3.6M 5 7.37%
9 Androscoggin Savings Bank $3.2M 17 7.56%
10 22nd State Bank, A Division of 22nd State Banking Company $2.3M 2 10.13%
11 Byline Bank $2.0M 1 9.75%
12 Fifth Third Bank $1.7M 1 7.50%
13 Norway Savings Bank $1.6M 5 8.05%
14 Katahdin Trust Company $1.5M 7 8.53%
15 Kennebunk Savings Bank $1.4M 6 8.36%
16 KeyBank National Association $1.3M 8 10.69%
17 Franklin Savings Bank $1.3M 5 8.05%
18 Eastern Bank $1.3M 3 9.08%
19 Hanover Community Bank $1.2M 1 9.50%
20 Machias Savings Bank $1.2M 4 8.75%

🤝 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.

Picture of Ishan Jetley

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.
CONTACT US