Bangor Savings Bank: SBA Lending Record
What SBA's own loan files show about Bangor Savings Bank as an SBA lender, and how a lender's record bears on a feasibility study.
Bangor Savings Bank in the SBA record
Bangor Savings Bank is listed by SBA against 592 loans approved from FY2017 through FY2026, carrying $97.0 million of gross dollars. Every one of the 592 sits under 7(a), and none under 504. The page repeats SBA's record of holdings and offers no view of what the bank does. It carries no loan-size figure, so it makes no claim about how large the typical loan in this file is, and a reader should not infer one from the dollar total alone. The same caution applies to the state tally below.
Class mix: restaurants and breweries
397 loans belong to no asset class. Full-service restaurant leads the classed loans with 65. Beverage manufacturing (breweries, wineries, distilleries) and limited-service restaurant have 21 each, and fitness center has 17. Child care center and grocery store hold 9 each. Brewery and distillery projects depend on production capacity, equipment cost and distribution, so a study has to test those along with the appraisal of specialised equipment. A grocery study tests the draw of the site against nearby stores and the margin left after payroll.
Maine, with New Hampshire a distant second
Maine holds 482 loans and New Hampshire 100. Those two states make up the whole state list. A project outside them has little to learn from this file, and even inside them the study has to look at the local trade area.
A low cancellation floor, a held-back charge-off rate
Bangor Savings Bank shows 3.3% of its FY2017 to FY2024 approvals ending in cancellation (a floor), and the ceiling equals that 3.3%. No charge-off rate appears, since Loan Analytics withholds it under a rule of its own, and a withheld rate is not a zero. Without it, the picture of loan outcomes is incomplete, and the low cancellation floor alone should not be read as a verdict on the book.
Taking the record into a study
A study gives a lender what counts cannot: evidence on demand, cost, debt coverage and value. Bring that evidence, and use this page for background on the holder's file. No count on this page promises that a request will be approved.
SBA loans held by Bangor Savings Bank
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 592 |
|---|---|
| Gross dollars approved | $97.0 million |
| SBA 7(a) loans | 592 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 3.3% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 3.3% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 397 |
| Full-service restaurant | 65 |
| Beverage manufacturing (breweries, wineries, distilleries) | 21 |
| Limited-service restaurant | 21 |
| Fitness center | 17 |
| Child care center | 9 |
| Grocery store | 9 |
| Beauty salon | 8 |
| Automotive mechanical repair (car and truck) | 7 |
| Coffee shop and snack bar | 7 |
| Rehabilitation and therapy clinic | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Maine | 482 |
| New Hampshire | 100 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-18408.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Bangor Savings Bank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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