Access the Top SBA Lending for Maine Small Business
Maine State is recognized for its beauty and strong community spirit creating a backdrop for small business advancement. Whether in the city of Portland or the charming coastal towns entrepreneurs find plenty of opportunities to thrive. By leveraging premier SBA lending programs small businesses, in Maine can secure support to propel their ventures forward effectively.
Maine
The Pine Tree State
149,493 small businesses
291,387 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Maine
Between March 2021 and March 2022, 7,779 Maine establishments opened and 4,571 closed, for a net increase of 3,208. Employment expanded at 11,660 establishments and contracted at 9,038. Small businesses accounted for 7,379 establishment openings and 4,310 closings.
Establishments in Maine
Employment in Maine
Between March 2021 and March 2022, 7,779 Maine establishments opened and 4,571 closed, for a net increase of 3,208. Employment expanded at 11,660 establishments and contracted at 9,038. Small businesses accounted for 7,379 establishment openings and 4,310 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Maine
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $519.7 million in loans to Maine businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $516.2 million. Total reported new lending to businesses through loans of $1 million or less was $1.6 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Maine's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Maine
Business Count by Demographic in Maine
Total Maine Employement by Business Size
Small Business Employment and Payroll by Industry in Maine
Source: Business Employment Dynamics (BLS)