SBA 7(a) Loans in Bangor, ME
Find lenders offering sba 7(a) loans in the Bangor, including Brewer, Orono, and surrounding areas. Compare rates, terms, and programs from 30 lenders.
SBA 7(a) Lenders Serving Bangor
30 lenders offering sba 7(a) loans in the Bangor, ME area.
Maine Community Bank
Local SBAPortland, ME
Machias Savings Bank
Local SBAMACHIAS, ME
Bangor Savings Bank
Local SBABANGOR, ME
Katahdin Trust Company
Local SBAPATTEN, ME
Bath Savings Institution
Local SBABATH, ME
Androscoggin Savings Bank
Local SBALEWISTON, ME
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
Newtek Bank, National Association
SBAMiami, FL
Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.
Celtic Bank Corporation
SBASALT LAKE CITY, UT
Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
United Midwest Savings Bank National Association
SBADE GRAFF, OH
Community bank and SBA preferred lender based in Ohio. Specializes in SBA 7(a) loans for small businesses, including business acquisitions, commercial real estate, and working capital financing.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
TD Bank, National Association
SBAWILMINGTON, DE
One of the 10 largest banks in the U.S. and a major SBA preferred lender. Offers SBA 7(a) and Express loans, conventional business lending, commercial real estate, and treasury management services across the eastern U.S.
Manufacturers and Traders Trust Company
SBABUFFALO, NY
M&T Bank is a major regional bank and one of the top SBA lenders by loan count in the Northeast. Offers SBA 7(a), Express, and 504 loans alongside a full range of commercial banking, commercial real estate, and small business products.
Bangor Commercial Real Estate Market
Bangor serves as the commercial hub for northern and eastern Maine, with a CRE market driven by regional healthcare, retail, and its role as a gateway to Acadia National Park and Maine's north woods. The Broadway and Stillwater Avenue corridors form the primary retail market, anchored by the Bangor Mall area and surrounding strip retail. Downtown Bangor along Main Street and Harlow Street has seen a modest revival with restaurant, office, and hospitality tenants filling formerly vacant storefronts. The former Dow Air Force Base site, now Bangor International Airport, supports logistics and air cargo operations with adjacent industrial and flex space.
Key Economic Drivers
- ●Northern Light Eastern Maine Medical Center, the region's largest hospital and employer
- ●Bangor International Airport cargo and refueling operations serving transatlantic routes
- ●University of Maine in nearby Orono generating student housing and retail demand
- ●Gateway tourism to Acadia National Park and Katahdin region driving hospitality investment
Market Insight
Bangor benefits from Maine's Pine Tree Development Zone program, which offers income tax credits, sales tax exemptions, and employment tax increment financing for qualifying businesses — making it one of the most incentive-rich environments for commercial tenants in northern New England.
SBA 7(a) Loans in Bangor, Maine
SBA 7(a) loans are the most common SBA loan program, offering up to $5 million for working capital, equipment, real estate, business acquisition, and refinancing. Backed by the U.S. Small Business Administration, they offer competitive rates and longer terms than conventional business loans. In the Bangor metro area, borrowers can access 30 lenders offering SBA 7(a) financing, including Brewer, Orono, and surrounding areas. Loan amounts typically range from $25K to $5M with rates from Prime + 1.5% to 3.75%.
Who Should Consider SBA 7(a) Loans?
- Small business owners
- Business acquisitions
- Working capital needs
- Commercial real estate purchase
Key Requirements
- For-profit business operating in the US
- Owner has invested equity
- Exhausted other financing options
- No delinquent government debt
- Credit score: 680+
Advantages
- ✓Low down payment (as low as 10%)
- ✓Competitive interest rates
- ✓Long repayment terms
- ✓Can be used for many purposes
Considerations
- •Lengthy application process
- •Extensive documentation required
- •Personal guarantee required
- •Collateral often needed
SBA 7(a) Loans in Other Maine Cities
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