Katahdin Trust Company
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Katahdin Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 113310 | Logging | 128 | $22.6M | $176K | 22.2% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 80 | $8.1M | $102K | 13.9% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 32 | $15.1M | $472K | 5.6% |
| 484110 | General Freight Trucking, Local | 32 | $5.6M | $174K | 5.6% |
| 238910 | Site Preparation Contractors | 32 | $2.4M | $75K | 5.6% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 24 | $1.7M | $70K | 4.2% |
| 561439 | Other Business Service Centers (including Copy Shops) | 16 | $16.0M | $1.0M | 2.8% |
| 237990 | Other Heavy and Civil Engineering Construction | 16 | $10.8M | $675K | 2.8% |
| 722511 | Full-Service Restaurants | 16 | $22.3M | $1.4M | 2.8% |
| 722513 | Limited-Service Restaurants | 16 | $7.8M | $490K | 2.8% |
Geographic Distribution
SBA lending activity for Katahdin Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 576 | $213.5M | 100.0% |
Why Choose Katahdin Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 576 SBA loans approved, totaling $213.5M in financing
- ✓Industry Expertise: Specialized focus on Logging, Specialized Freight (except Used Goods) Trucking, Local, Lessors of Nonresidential Buildings (except Miniwarehouses)
- ✓Competitive Terms: Average interest rate of 6.93% with flexible term lengths averaging 102 months
- ✓Loan Range: Loan sizes from $15K to $4.5M, with an average of $371K
- ✓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 Katahdin Trust Company SBA lending
What types of businesses does Katahdin Trust Company typically finance?
Katahdin Trust Company specializes in SBA 7(a) lending to specific industries including logging, specialized freight (except used goods) trucking, local, lessors of nonresidential buildings (except miniwarehouses), general freight trucking, local. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Katahdin Trust Company's typical SBA loan terms?
Katahdin Trust Company's SBA 7(a) loans typically feature an average interest rate of 6.93% and average term length of 102 months (approximately 9 years). Loan sizes range from $15K to $4.5M, with an average loan size of $371K.
Do I need a business valuation for a Katahdin Trust Company SBA loan?
Yes, Katahdin Trust Company 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 Katahdin Trust Company compare to other SBA lenders?
Katahdin Trust Company has originated 576 SBA loans totaling $213.5M since 2020. 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 Katahdin Trust Company lend in?
Katahdin Trust Company 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
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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