Maine Community Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Maine Community Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 128 | $37.8M | $295K | 7.0% |
| 722513 | Limited-Service Restaurants | 104 | $19.2M | $185K | 5.7% |
| 722330 | Mobile Food Services | 72 | $8.7M | $120K | 3.9% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 56 | $7.6M | $135K | 3.1% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 56 | $4.8M | $86K | 3.1% |
| 812199 | Other Personal Care Services | 48 | $6.9M | $145K | 2.6% |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 40 | $1.7M | $42K | 2.2% |
| 113310 | Logging | 32 | $10.1M | $317K | 1.7% |
| 238210 | Electrical Contractors | 32 | $960K | $30K | 1.7% |
| 312120 | Breweries | 32 | $2.5M | $79K | 1.7% |
Geographic Distribution
SBA lending activity for Maine Community Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maine (ME) | 1,808 | $485.0M | 98.7% |
| New Hampshire (NH) | 24 | $2.9M | 1.3% |
Why Choose Maine Community Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,832 SBA loans approved, totaling $488.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Mobile Food Services
- ✓Competitive Terms: Average interest rate of 6.86% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $7K to $3.0M, with an average of $266K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in ME, NH
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 Maine Community Bank SBA lending
What types of businesses does Maine Community Bank typically finance?
Maine Community Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, mobile food services, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Maine Community Bank's typical SBA loan terms?
Maine Community Bank's SBA 7(a) loans typically feature an average interest rate of 6.86% and average term length of 112 months (approximately 9 years). Loan sizes range from $7K to $3.0M, with an average loan size of $266K.
Do I need a business valuation for a Maine Community Bank SBA loan?
Yes, Maine Community 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 Maine Community Bank compare to other SBA lenders?
Maine Community Bank has originated 1,832 SBA loans totaling $488.0M 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 Maine Community Bank lend in?
Maine Community Bank provides SBA 7(a) financing with particularly strong presence in ME, NH. 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.