This directory is the result of our specialized investigation into small business financing options in Maine, compiled from factual information. The organizations are ranked according to the volume of small business loans they've disbursed throughout the current year.
To put it simply, these are the financial institutions and lenders truly leading the charge in providing the most loan support to small enterprises within the state.
(This sets us apart from numerous other sites that focus mainly on non-lending nonprofit organizations and government schemes, which are often out of reach for the majority of businesses!)
Takeaway: Local, Maine-based state banks do most of the small business lending in Maine.
Methodology: This resource is based on data from SBA 7a loans, confirming that all the lenders we mention offer SBA financing. Additionally, we've compiled a list of other small business lending opportunities they highlight on their digital platforms.
Often, conventional banks set high standards for credit scores and require businesses to have been active for at least two years. As a response, our selection starts with two financing options designed for small business owners grappling with lower credit scores and shorter operational histories.
