Eastern Maine Development Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Eastern Maine Development Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 114112 | Shellfish Fishing | 4 | $554K | $139K | 5.0% |
| 811111 | General Automotive Repair | 3 | $480K | $160K | 3.8% |
| 722511 | Full-Service Restaurants | 3 | $525K | $175K | 3.8% |
| 484110 | General Freight Trucking, Local | 2 | $293K | $147K | 2.5% |
| 611699 | All Other Miscellaneous Schools and Instruction | 2 | $450K | $225K | 2.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 2 | $500K | $250K | 2.5% |
| 238990 | All Other Specialty Trade Contractors | 2 | $313K | $157K | 2.5% |
| 423910 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 2 | $250K | $125K | 2.5% |
| 621210 | Offices of Dentists | 2 | $375K | $188K | 2.5% |
| 722513 | Limited-Service Restaurants | 2 | $237K | $118K | 2.5% |
Geographic Distribution
SBA lending activity for Eastern Maine Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 80 | $13.4M | 100.0% |
Why Choose Eastern Maine Development Corporation?
Based on SBA 7(a) lending track record from 2012-2025
- ✓Proven Track Record: 80 SBA loans approved, totaling $13.4M in financing
- ✓Industry Expertise: Specialized focus on Shellfish Fishing, General Automotive Repair, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.93% with flexible term lengths averaging 156 months
- ✓Loan Range: Loan sizes from $57K to $250K, with an average of $167K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in ME
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Eastern Maine Development Corporation SBA lending
What types of businesses does Eastern Maine Development Corporation typically finance?
Eastern Maine Development Corporation specializes in SBA 7(a) lending to specific industries including shellfish fishing, general automotive repair, full-service restaurants, general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Eastern Maine Development Corporation's typical SBA loan terms?
Eastern Maine Development Corporation's SBA 7(a) loans typically feature an average interest rate of 5.93% and average term length of 156 months (approximately 13 years). Loan sizes range from $57K to $250K, with an average loan size of $167K.
Do I need a business valuation for a Eastern Maine Development Corporation SBA loan?
Yes, Eastern Maine Development Corporation typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Eastern Maine Development Corporation compare to other SBA lenders?
Eastern Maine Development Corporation has originated 80 SBA loans totaling $13.4M since 2012. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Eastern Maine Development Corporation lend in?
Eastern Maine Development Corporation provides SBA 7(a) financing with particularly strong presence in ME. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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