Bangor Savings Bank approved 281 SBA loans worth $53.8M between October 2021 and June 2026, ranking #152 of 2,283 SBA lenders nationally by loan count. Its median loan was $127,000, and 54% went to startups or businesses under two years old. It lent in 4 states, most often in Maine, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Maine | 216 | $38.8M | $123,800 | #4 |
| New Hampshire | 61 | $14.0M | $150,000 | #12 |
| Massachusetts | 3 | $762K | $200,000 | #132 |
| Connecticut | 1 | $300K | $300,000 | #130 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 60 | $120,000 | |
| Construction | 32 | $150,000 | |
| Retail | 30 | $102,500 | |
| Manufacturing | 25 | $123,600 | |
| Other services (repair, personal care) | 25 | $118,200 | |
| Professional and technical services | 25 | $174,800 | |
| Health care and social assistance | 21 | $132,000 | |
| Administrative and support services | 19 | $150,000 | |
| Arts, entertainment and recreation | 15 | $125,000 | |
| Agriculture, forestry and fishing | 10 | $200,000 |