Norway Savings Bank approved 50 SBA loans worth $21.2M between October 2021 and June 2026, ranking #562 of 2,283 SBA lenders nationally by loan count. Its median loan was $90,000, and 54% went to startups or businesses under two years old. It lent in 2 states, most often in Maine, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Maine | 47 | $15.8M | $80,000 | #12 |
| New Hampshire | 3 | $5.4M | $249,000 | #71 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 15 | $80,000 | |
| Arts, entertainment and recreation | 10 | $95,000 | |
| Retail | 6 | $387,900 | |
| Manufacturing | 5 | $150,000 | |
| Professional and technical services | 5 | $50,000 | |
| Other services (repair, personal care) | 4 | $52,000 | |
| Health care and social assistance | 2 | $149,500 | |
| Construction | 1 | $75,000 | |
| Education | 1 | $80,000 | |
| Transportation and warehousing | 1 | $200,000 |