Kennebunk Savings Bank
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Kennebunk Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 80 | $24.6M | $308K | 9.3% |
| 713940 | Fitness and Recreational Sports Centers | 72 | $16.5M | $229K | 8.4% |
| 722513 | Limited-Service Restaurants | 72 | $31.6M | $439K | 8.4% |
| 812112 | Beauty Salons | 40 | $7.2M | $180K | 4.7% |
| 624410 | Child Day Care Services | 32 | $6.5M | $203K | 3.7% |
| 721191 | Bed-and-Breakfast Inns | 24 | $1.0M | $43K | 2.8% |
| 812990 | All Other Personal Services | 24 | $9.7M | $405K | 2.8% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 24 | $4.2M | $173K | 2.8% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $9.8M | $406K | 2.8% |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 24 | $11.7M | $487K | 2.8% |
Geographic Distribution
SBA lending activity for Kennebunk Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 544 | $138.3M | 63.6% |
| New Hampshire (NH) | 280 | $66.8M | 32.7% |
| Massachusetts (MA) | 32 | $8.2M | 3.7% |
Why Choose Kennebunk Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 856 SBA loans approved, totaling $213.3M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.17% with flexible term lengths averaging 121 months
- ✓Loan Range: Loan sizes from $10K to $1.3M, with an average of $249K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in ME, NH, MA
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 Kennebunk Savings Bank SBA lending
What types of businesses does Kennebunk Savings Bank typically finance?
Kennebunk Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, limited-service restaurants, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Kennebunk Savings Bank's typical SBA loan terms?
Kennebunk Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.17% and average term length of 121 months (approximately 10 years). Loan sizes range from $10K to $1.3M, with an average loan size of $249K.
Do I need a business valuation for a Kennebunk Savings Bank SBA loan?
Yes, Kennebunk Savings Bank 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 Kennebunk Savings Bank compare to other SBA lenders?
Kennebunk Savings Bank has originated 856 SBA loans totaling $213.3M 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 Kennebunk Savings Bank lend in?
Kennebunk Savings Bank provides SBA 7(a) financing with particularly strong presence in ME, NH, MA. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.