Lending data
Who actually lends to wholesale businesses in Maine?
20 SBA 7(a) loans went to wholesale businesses in Maine recently, at a median of $178,700. Here are the lenders that made them, ranked.
20 SBA 7(a) loans went to wholesale businesses in Maine in the most recent fiscal years. The median was $178,700 over 10 years. The most active lender was Bangor Savings Bank, with 3 loans.
What lending to wholesale businesses in Maine actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Wholesale trade, Maine | All 7(a) borrowers |
|---|---|---|
| Loans approved | 20 | 214,102 |
| Median loan | $178,700 | $150,000 |
| 25th - 75th percentile | $25,000 - $400,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.25% | 10.25% |
| Share to startups | 50.0% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 1.7% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to wholesale businesses in Maine. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Bangor Savings Bank | 3 | $200,000 | 33% | 9.00% |
| TD Bank | 3 | $25,000 | 67% | 13.80% |
| Katahdin Trust Company | 3 | $432,000 | 67% | 8.75% |
| Machias Savings Bank | 3 | $157,400 | 33% | 8.62% |
| Manufacturers and Traders Trust Company | 2 | $25,000 | 50% | 14.00% |
| Bar Harbor Bank & Trust | 2 | $440,000 | 100% | 8.13% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $178,700 is 19% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- New businesses do well here. 50% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- No single lender dominates, but the top three made 45% of these loans, so the shortlist below covers most of the active market.
- Rates run lower here. The median initial rate of 9.25% is 1.00 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- This market has performed well. Its FY2010-2019 charge-off rate of 1.7% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 50.0% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 2 | $25,000 | 67% | 13.80% |
| Bar Harbor Bank & Trust | 2 | $440,000 | 100% | 8.13% |
| Katahdin Trust Company | 2 | $432,000 | 67% | 8.75% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Maine: restaurants and hotels, construction, personal services, retail, healthcare, admin services
- Wholesale in comparable states: South Dakota, Arkansas, Vermont, Mississippi, Delaware, Hawaii