41 SBA loans worth $24.7M went to businesses in Saco, ME between October 2021 and June 2026, from 16 lenders. Granite State Economic Development made the most, 9 loans. The median loan was $223,600, compared with $135,000 across Maine, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development Certified development company · Portsmouth, NH | 9 | $9.1M | $497,000 | 33% |
| 2 | TD Bank Bank · Wilmington, DE | 5 | $985K | $200,000 | 40% |
| 3 | Bangor Savings Bank Bank · Bangor, ME | 4 | $474K | $100,000 | 75% |
| 4 | Maine Community Bank Bank · Portland, ME | 3 | $3.9M | $150,000 | 33% |
| 5 | Southern Maine Finance Agency Certified development company · Biddeford, ME | 3 | $897K | $301,000 | 67% |
| 6 | Saco and Biddeford Savings Institution Bank · Saco, ME | 3 | $485K | $75,000 | 33% |
| 7 | Manufacturers and Traders Trust Bank · Buffalo, NY | 3 | $140K | $25,000 | 100% |
| 8 | Northeast Bank Bank · Portland, ME | 2 | $700K | $350,000 | 100% |
| 9 | Atlantic Regional Federal Credit Union Credit union · South Portland, ME | 2 | $45K | $22,500 | 100% |
| 10 | Norway Savings Bank Bank · Norway, ME | 1 | $5.0M | $5,000,000 | 0% |
| 11 | Celtic Bank Bank · Salt Lake City, UT | 1 | $1.4M | $1,360,000 | 100% |
| 12 | Live Oak Banking Bank · Wilmington, NC | 1 | $870K | $870,000 | 0% |
| 13 | Kennebunk Savings Bank Bank · Kennebunk, ME | 1 | $285K | $285,000 | 0% |
| 14 | Bath Savings Institution Bank · Bath, ME | 1 | $150K | $150,000 | 0% |
| 15 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $150K | $150,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 9 | $239,000 | Bangor Savings Bank | |
| Construction | 7 | $200,000 | Atlantic Regional Federal Credit Union | |
| Professional and technical services | 5 | $100,000 | Manufacturers and Traders Trust | |
| Manufacturing | 4 | $657,500 | Granite State Economic Development | |
| Health care and social assistance | 4 | $225,500 | Maine Community Bank | |
| Other services (repair, personal care) | 3 | $50,000 | Southern Maine Finance Agency | |
| Administrative and support services | 3 | $147,000 | Granite State Economic Development | |
| Arts, entertainment and recreation | 2 | $254,300 | Bangor Savings Bank |