Norway Savings Bank
ME
SBA-approved lender offering 7 loan programs across 5 industries.
Key Metrics
Interest Rate
7.33%
0.58% over prime
Average Loan
$680K
Per approval
Total Approvals
14
FY 2025
Loan Programs (7)
7a General
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (5)
Apparel Accessories and Other Apparel ManufacturingBeauty SalonsGlass Product Manufacturing Made of Purchased GlassLimited-Service RestaurantsMobile Food Services
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 0.58%
- Effective Rate
- 7.33%
- Fiscal Year
- 2025
- States Served
- ME
- Website
- www.norwaysavings.bank
Ready to apply with Norway Savings Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.