Machias Savings Bank approved 61 SBA loans worth $22.2M between October 2021 and June 2026, ranking #495 of 2,283 SBA lenders nationally by loan count. Its median loan was $160,000, and 33% went to startups or businesses under two years old. It lent in 3 states, most often in Maine, and its most financed industry was arts, entertainment and recreation.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Maine | 58 | $21.7M | $158,700 | #8 |
| New Hampshire | 2 | $300K | $150,000 | #82 |
| Massachusetts | 1 | $250K | $250,000 | #192 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Arts, entertainment and recreation | 8 | $150,000 | |
| Health care and social assistance | 7 | $60,000 | |
| Other services (repair, personal care) | 7 | $240,000 | |
| Manufacturing | 7 | $375,000 | |
| Restaurants and hotels | 6 | $175,000 | |
| Administrative and support services | 5 | $120,000 | |
| Professional and technical services | 5 | $63,000 | |
| Construction | 4 | $353,500 | |
| Real estate and rental | 3 | $310,000 | |
| Transportation and warehousing | 3 | $231,000 |