Feasibility Study Data for the Bangor, ME Metro Area

Bangor: volume, rank and ticket size across Bangor, ME

343 SBA approvals landed here across the Bangor, ME metro area from FY2017 through FY2026, carrying $90.0 million across every asset class. Bangor holds rank 218 of 928 against every other statistical area, Bangor among them. Loan size centers on $100,000, while the middle half span $40,000 to $267,000. Against the country, Bangor borrowers take smaller loans, at 0.48x of the national median. That puts the typical Bangor ticket at under half the national median.

Bangor, ME: franchises, programs and named holders for Bangor

320 of the Bangor approvals were 7(a) loans and 23 were 504 loans, leaving 504 as the minority route. In Bangor, the franchise share of Bangor loans is 3.2% in this metro area. TD Bank, National Association leads the 7(a) table at 75 loans and $8.1 million. Second place is Bangor Savings Bank: 72 loans, $12.4 million. The count for Machias Savings Bank is 35 loans, with 25 more at KeyBank National Association. 504 lending here runs through Granite State Economic Development Corporation, at 18 loans and $8.8 million. Lender Bangor figures here are SBA records, nothing more. TD Bank, National Association appears as the Bangor holder SBA reports; the Bangor list neither praises nor faults any holder.

Bangor: class and county mix across Bangor, ME

Most of the Bangor total sits outside the tracked asset classes: 269 loans that carry codes outside the Bangor table. The Bangor class rows therefore describe a minority of Bangor lending. Among tracked Bangor classes, full-service restaurant leads with 17 loans, then dental office with 9, and medical office (physicians) at 6. Further down sit child care center, 6 loans. By county, Penobscot County, ME accounts for 343 loans. Only one county is listed, so the county table shows no spread within Bangor.

Bangor: cancellations, charge-offs and caveats in Bangor, ME

Of FY2017 to FY2024 approvals in Bangor, no fewer than 10.0% were cancelled before the loan closed out. A ceiling for Bangor would sit above 10.0%, but Loan Analytics keeps it off the page rather than estimate it. Charge-offs to date on the 170 loans disbursed in FY2017 to FY2021 are no lower than 2.9%. The five-year rate does not appear here, as its cohort is under 30 loans. Time is still passing on these loans, so these rates are floors and can only grow. Volume crested in FY2019, at 41 loans and $9.6 million. The weakest year before FY2026 was FY2022, with 24 loans and $4.5 million. Bangor is built from project counties such as Penobscot County, ME. Then county membership follows the 2023 Bangor delineation, so a loan from an unmatched Bangor county appears nowhere.

Bangor, ME: what a Bangor feasibility study has to test

Any Bangor feasibility report must start from the project's own Bangor county, since area totals mix several markets. Bangor lenders see Bangor full-service restaurant most often, so anticipate review of kitchen capacity against peak service, plus seats against realistic covers and how Bangor diners split by daypart. Projects in dental office here depend on payer mix and fee schedules and on patients per practitioner. Debt service coverage in Bangor should be run against a downturn; the Bangor appraisal has to rest on local Bangor comparables and earnings. With smaller tickets the norm in Bangor, a larger request will draw questions the Bangor study should answer first.