SBA Loans for Electrical Contractors in Maine: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Maine. Based on historical SBA 7(a) lending data.
Total Approvals
24
in Maine
Median Loan Size
$100,000
per approval
Recent Activity
1
last 90 days through Jun 2025
NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 24 approvals on record and a median loan size of $100,000.
Key trends & insights
- Electrical Contractors in Maine lending is concentrated — TD Bank, National Association, Bayfirst National Bank, Maine Community Bank together account for 67% of all approvals. If you're in this industry, these are your highest-probability lenders.
- TD Bank, National Association leads this industry with 10 approvals (42% market share) and a median loan of $50,500.
- Electrical Contractors in Maine loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Maine
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 10 | $50,500 | |
| 2 | 3 | $325,000 | |
| 3 | 3 | $100,000 | |
| 4 | 2 | $215,000 | |
| 5 | 2 | $37,500 | |
| 6 | 1 | $2,520,000 | |
| 7 | 1 | $1,175,000 | |
| 8 | 1 | $45,000 | |
| 9 | 1 | $48,900 |
Recent SBA 7(a) approvals for Electrical Contractors in Maine
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-06 | TD Bank, National Association | Bro*****LLC | WEST PARIS, ME | $100,000 |
| 2025-03 | Bangor Savings Bank | MID*****LLC | WEST ROCKPORT, ME | $280,000 |
| 2025-03 | Bangor Savings Bank | MID*****LLC | WEST ROCKPORT, ME | $150,000 |
| 2025-03 | TD Bank, National Association | WF *****LLC | BRIDGTON, ME | $49,000 |
| 2025-03 | TD Bank, National Association | WF *****LLC | BRIDGTON, ME | $51,000 |
| 2025-01 | BayFirst National Bank | SUM*****LLC | LISBON, ME | $150,000 |
| 2024-11 | Androscoggin Savings Bank | Fou*****LC. | POLAND, ME | $25,000 |
| 2024-10 | Atlantic Regional Federal Credit Union | Mai*****LLC | BOWDOIN, ME | $45,000 |
| 2024-08 | TD Bank, National Association | S V*****Inc | BUXTON, ME | $50,000 |
| 2024-08 | Truliant FCU | Per*****nc. | YORK, ME | $2,520,000 |
| 2024-07 | TD Bank, National Association | The*****any | GORHAM, ME | $95,000 |
| 2024-04 | TD Bank, National Association | Nor*****nc. | ALFRED, ME | $150,000 |
| 2024-03 | Bar Harbor Bank & Trust | Nic*****ham | NEWPORT, ME | $48,900 |
| 2023-12 | Maine Community Bank | Mai*****LLC | GORHAM, ME | $306,200 |
| 2023-12 | TD Bank, National Association | Dre*****nc. | CASCO, ME | $151,000 |
| 2023-11 | TD Bank, National Association | Ree*****ing | PHILLIPS, ME | $90,000 |
| 2023-10 | TD Bank, National Association | Pro*****LLC | AUBURN, ME | $15,400 |
| 2023-07 | TD Bank, National Association | Pro*****LLC | AUBURN, ME | $200,000 |
| 2023-07 | TD Bank, National Association | R. *****ion | GORHAM, ME | $75,000 |
| 2023-06 | 22nd State Bank, A Division of 22nd State Banking Company | Alt*****eat | NAPLES, ME | $1,175,000 |
| 2023-06 | TD Bank, National Association | Mou*****nc. | BRYANT POND, ME | $25,000 |
| 2023-04 | BayFirst National Bank | MIL*****LLC | CAPE NEDDICK, ME | $325,000 |
| 2023-04 | BayFirst National Bank | MIL*****LLC | CAPE NEDDICK, ME | $325,000 |
| 2022-12 | TD Bank, National Association | Haw*****LLC | POLAND, ME | $501,500 |
| 2022-06 | Maine Community Bank | Dog*****LLC | BRUNSWICK, ME | $100,000 |
| 2022-06 | TD Bank, National Association | FOY*****NC. | WESTBROOK, ME | $250,000 |
| 2022-06 | Androscoggin Savings Bank | TRU*****INC | JAY, ME | $50,000 |
| 2022-04 | Maine Community Bank | Oss*****LLC | GORHAM, ME | $30,000 |
| 2021-04 | Bath Savings Institution | DIC*****NC. | Woolwich, ME | $25,000 |
| 2021-04 | Bangor Savings Bank | Cro*****LLC | LIMINGTON, ME | $84,000 |
| 2021-02 | TD Bank, National Association | FOY*****NC. | Westbrook, ME | $100,000 |
| 2020-07 | Bath Savings Institution | IDK*****nc. | South Portland, ME | $75,000 |
| 2019-12 | TD Bank, National Association | PET*****MBS | Islesboro, ME | $25,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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