# Buying a Business in Maine: SBA Lending

Change-of-ownership SBA 7(a) approvals in Maine, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

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Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/maine
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 159, $89,737,400 approved in total
- FY2025 loans: 29, $20,885,000 approved
- Median loan: $250,000
- Share of national acquisition lending: 0.4%

## The Most Active Lenders in Maine

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. Machias Savings Bank: 19 loans
2. Bangor Savings Bank: 18 loans
3. Maine Community Bank: 18 loans
4. Norway Savings Bank: 15 loans
5. Live Oak Banking Company: 14 loans

## What Gets Financed in Maine

- Full-Service Restaurants: 10 loans
- Supermarkets and Other Grocery Retailers (except Convenience Retailers): 10 loans
- All Other Specialty Trade Contractors: 6 loans
- Fitness and Recreational Sports Centers: 4 loans
- Plumbing, Heating, and Air-Conditioning Contractors: 4 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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