Machias Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Machias Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 40 | $6.6M | $165K | 8.1% |
| 238990 | All Other Specialty Trade Contractors | 32 | $11.3M | $354K | 6.5% |
| 812910 | Pet Care (except Veterinary) Services | 32 | $11.0M | $344K | 6.5% |
| 713990 | All Other Amusement and Recreation Industries | 32 | $2.7M | $84K | 6.5% |
| 541810 | Advertising Agencies | 32 | $4.3M | $135K | 6.5% |
| 713950 | Bowling Centers | 24 | $6.0M | $249K | 4.8% |
| 492110 | Couriers | 16 | $11.2M | $698K | 3.2% |
| 624410 | Child Day Care Services | 16 | $800K | $50K | 3.2% |
| 711510 | Independent Artists, Writers, and Performers | 16 | $552K | $35K | 3.2% |
| 312130 | Wineries | 16 | $4.5M | $280K | 3.2% |
Geographic Distribution
SBA lending activity for Machias Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 496 | $186.1M | 100.0% |
Why Choose Machias Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 496 SBA loans approved, totaling $186.1M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, All Other Specialty Trade Contractors, Pet Care (except Veterinary) Services
- ✓Competitive Terms: Average interest rate of 7.14% with flexible term lengths averaging 133 months
- ✓Loan Range: Loan sizes from $10K to $5.0M, with an average of $375K
- ✓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 Machias Savings Bank SBA lending
What types of businesses does Machias Savings Bank typically finance?
Machias Savings Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, all other specialty trade contractors, pet care (except veterinary) services, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Machias Savings Bank's typical SBA loan terms?
Machias Savings Bank's SBA 7(a) loans typically feature an average interest rate of 7.14% and average term length of 133 months (approximately 11 years). Loan sizes range from $10K to $5.0M, with an average loan size of $375K.
Do I need a business valuation for a Machias Savings Bank SBA loan?
Yes, Machias 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 Machias Savings Bank compare to other SBA lenders?
Machias Savings Bank has originated 496 SBA loans totaling $186.1M 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 Machias Savings Bank lend in?
Machias Savings Bank 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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