Bangor Savings Bank
ME
SBA-approved lender offering 7 loan programs across 16 industries.
Key Metrics
Interest Rate
7.81%
1.06% over prime
Average Loan
$209K
Per approval
Total Approvals
69
FY 2025
Loan Programs (7)
Asset Base Working Capital Line (CAPLine)
Preferred Lenders Program
SBA Express Program
Existing or more than 2 years old
New Business or 2 years or less
Change of Ownership
Fixed Rates
Industries Served (16)
All Other Outpatient Care CentersAll Other Specialty Trade ContractorsCafeterias, Grill Buffets, and BuffetsDrinking Places (Alcoholic Beverages)Drywall and Insulation ContractorsElectrical ContractorsFull-Service RestaurantsLandscaping ServicesLimited-Service RestaurantsMasonry ContractorsOffices of All Other Miscellaneous Health PractitionersOther Personal Care ServicesPower and Communication Line and Related Structures ConstructionResidential RemodelersSecurity Systems Services (except Locksmiths)Shellfish Farming
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.06%
- Effective Rate
- 7.81%
- Fiscal Year
- 2025
- States Served
- ME
- Website
- www.bangor.com
Ready to apply with Bangor Savings Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.