SBA by industry · ME
SBA lenders for construction trades in Maine
28 lenders made 137 SBA loans to construction trades in Maine in the 36 months ending September 30, 2026. TD Bank, National Association made the most, with 45. The typical loan was about $95K.
- Evidence
- SBA 7(a) and 504 loans to construction trades in Maine, NAICS 23
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 28
- SBA FOIA,
- SBA loans, 36 months
- 137
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $32.3M
- SBA FOIA,
- Last 12 months
- 40
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for construction trades in Maine, https://lender.report/sba-lenders-for/construction-trades/maine/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| TD Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 45 | $3.43M | 45 | 0 | 14 |
| Bangor Savings Bank SBA 7(a) record | Savings | Bangor, ME | 27 | $7.08M | 23 | 4 | 4 |
| Manufacturers and Traders Trust Company SBA 7(a) record | Bank | Buffalo, NY | 11 | $507K | 11 | 0 | 5 |
| Maine Community Bank SBA 7(a) record | Savings | Portland, ME | 6 | $4.30M | 6 | 0 | 2 |
| Atlantic Regional Credit Union SBA 7(a) record | Credit union | South Portland, ME | 5 | $190K | 5 | 0 | 0 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 5 | $115K | 5 | 0 | 2 |
| Androscoggin Savings Bank SBA 7(a) record | Savings | Lewiston, ME | 4 | $326K | 4 | 0 | 2 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 3 | $385K | 3 | 0 | 0 |
| Bar Harbor Bank & Trust SBA 7(a) record | Bank | Bar Harbor, ME | 3 | $235K | 3 | 0 | 0 |
| Machias Savings Bank SBA 504 record | Savings | Machias, ME | 2 | $2.57M | 0 | 2 | 0 |
| 1st Financial Bank USA SBA 7(a) record | Bank | Dakota Dunes, SD | 2 | $1.32M | 2 | 0 | 0 |
| Kennebunk Savings Bank SBA 504 record | Savings | Kennebunk, ME | 2 | $1.19M | 0 | 2 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 2 | $1.05M | 2 | 0 | 2 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 2 | $550K | 2 | 0 | 1 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 2 | $500K | 2 | 0 | 1 |
| Bath Savings Institution SBA 7(a) record | Savings | Bath, ME | 2 | $430K | 2 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 2 | $250K | 2 | 0 | 1 |
| Seaboard Credit Union SBA 7(a) record | Credit union | Bucksport, ME | 2 | $153K | 2 | 0 | 0 |
| Truliant Credit Union SBA 7(a) record | Credit union | Winston Salem, NC | 1 | $2.50M | 1 | 0 | 0 |
| Byline Bank SBA 7(a) record | Bank | Chicago, IL | 1 | $2.00M | 1 | 0 | 0 |
| Pathward, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 1 | $1.80M | 1 | 0 | 1 |
| Citizens Bank SBA 7(a) record | Bank | Elizabethton, TN | 1 | $370K | 1 | 0 | 0 |
| North State Bank SBA 7(a) record | Bank | Raleigh, NC | 1 | $360K | 1 | 0 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 1 | $350K | 1 | 0 | 1 |
| Franklin Savings Bank SBA 7(a) record | Bank | Farmington, ME | 1 | $100K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Residential Remodelers | 17 |
| Site Preparation Contractors | 17 |
| Electrical Contractors and Other Wiring Installation Contractors | 16 |
| All Other Specialty Trade Contractors | 13 |
| Plumbing, Heating, and Air-Conditioning Contractors | 12 |
| Painting and Wall Covering Contractors | 11 |
| New Single-Family Housing Construction (except For-Sale Builders) | 10 |
| Finish Carpentry Contractors | 9 |
| Masonry Contractors | 7 |
| Commercial and Institutional Building Construction | 4 |
| Loan size | Loans |
|---|---|
| Under $150K | 87 |
| $150K to $350K | 29 |
| $350K to $1M | 15 |
| $1M to $2.5M | 4 |
| $2.5M or more | 2 |
- SBA lenders recorded 137 loans to construction trades totaling $32.3M in Maine in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $95K, with the middle half between $40K and $220K. SBA FOIA,
- 129 were SBA 7(a) loans and 8 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.00% on 129 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 126 of the loans, credit unions 9, and non-banks 2. SBA FOIA,
- The five most active lenders made 68.6% of the loans. SBA FOIA,
- The three most active lenders were TD Bank, National Association with 45, Bangor Savings Bank with 27, and Manufacturers and Traders Trust Company with 11. SBA FOIA,
- 87 of the loans were under $150K, and 6 were $1M or more. SBA FOIA,
- The SBA file shows 40 approvals of these loans dated in the 12 months to September 30, 2026, versus 49 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 13 of the 28 lenders are based in Maine. The rest are based elsewhere, most often in North Carolina, Florida and South Dakota. SBA FOIA,
- The most common detailed industry in Maine was Residential Remodelers, with 17 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to construction trades in Maine
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Maine, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 23.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.