Maine Community Bank: SBA business acquisition lending record
Maine Community Bank (home state ME) approved 29 SBA 7(a) loans to buy existing businesses since FY2018, totaling $20.7M. The median loan was $375,000. It ranks number 259 of 280 lenders by count and made 0.1% of all SBA acquisition loans nationally.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a borrower
- Deal size it funds. Half of its acquisition loans fell between $225,000 and $860,400. If your deal sits well outside that band, this lender may be less practiced at it.
- Geographic reach. Maine is the largest state (100% of loans). Loans appear in only 1 states, which points to a regional lender.
- Industry concentration. Coin-Operated Laundries and Drycleaners is 10% of its acquisition loans. The mix is spread across several industries.
- Overall 7(a) volume. 238 SBA 7(a) loans of any purpose since FY2020, totaling $69.3M. 76% of its acquisition loans were processed under the Preferred Lenders Program.
- Franchise share. 14% of its acquisition loans involved a franchise brand, against 18% for all lenders.
- Seasoned performance. Too few of its loans are old enough to measure a charge-off rate.
Maine Community Bank acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $306K | $153,100 | |
| FY2021 | 2 | $1.7M | $864,000 | |
| FY2022 | 2 | $381K | $190,500 | |
| FY2023 | 3 | $2.8M | $324,000 | |
| FY2024 | 6 | $4.9M | $560,500 | |
| FY2025 | 2 | $2.3M | $1,141,000 | |
| FY2026 | 12 | $8.3M | $427,500 |
How often do these acquisition loans fail?
Fewer than 20 Maine Community Bank acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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States served
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Maine | 29 | 100.0% | $20.7M |
Industries financed
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Coin-Operated Laundries and Drycleaners | 3 | 10.3% | $1.4M | |
| 2 | Snack and Nonalcoholic Beverage Bars | 3 | 10.3% | $516K | |
| 3 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 2 | 6.9% | $4.9M | |
| 4 | Janitorial Services | 2 | 6.9% | $669K | |
| 5 | Commercial and Institutional Building Construction | 1 | 3.4% | $3.8M | |
| 6 | General Freight Trucking, Local | 1 | 3.4% | $1.5M | |
| 7 | Landscaping Services | 1 | 3.4% | $1.3M | |
| 8 | RV (Recreational Vehicle) Parks and Campgrounds | 1 | 3.4% | $982K | |
| 9 | Full-Service Restaurants | 1 | 3.4% | $921K |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands financed
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Firehouse Subs | 1 | 3.4% | $366K |
Questions buyers ask
Does Maine Community Bank make SBA acquisition loans?
Yes. Maine Community Bank approved 29 SBA 7(a) loans to buy existing businesses from FY2018 to FY2026, ranking number 259 of 280 lenders with 25 or more such loans. The SBA file shows past approvals only; it cannot tell you whether the lender will approve a particular buyer or deal.
How large are Maine Community Bank's acquisition loans?
The median was $375,000, with the middle half between $225,000 and $860,400. The national median is $645,250, so this lender's typical loan is 42% lower than the national figure.
Which states does Maine Community Bank lend in?
Maine (29). Its loans appear in 1 states, so it is closer to a regional lender.
Which industries does Maine Community Bank finance?
Coin-Operated Laundries and Drycleaners (3), Snack and Nonalcoholic Beverage Bars (3), Supermarkets and Other Grocery Retailers (except Convenience Retailers) (2), Janitorial Services (2), Commercial and Institutional Building Construction (1). The top industry is 10% of its acquisition loans.
How have Maine Community Bank's acquisition loans performed?
Fewer than 20 of this lender's loans are old enough to measure. The national benchmark is 3.5% for the FY2018 to FY2021 cohort.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- Maine acquisitions
- Coin-Operated Laundries and Drycleaners
- Snack and Nonalcoholic Beverage Bars
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- All lenders
Figures are aggregates of public SBA data. This page is not provided or endorsed by Maine Community Bank.