Bangor Savings Bank
Bangor Savings Bank is an SBA 7(a) lender that has approved 356 loans totaling $63.9M between FY2020 and Q1 FY2026 (2025-12-31), with a 0.00% charge-off rate on mature loans. Average loan size: $179K. Active in 4 states. Headquartered in BANGOR, ME.
Total 7(a) loans
356
Total approved
$63.9M
Average loan
$179K
States funded in
4
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
24.44%
Average rate
7.23%
Average term
111 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 34 |
| 722513 | Limited-Service Restaurants | 16 |
| 722410 | Drinking Places (Alcoholic Beverages) | 10 |
| 713940 | Fitness and Recreational Sports Centers | 10 |
| 624410 | Child Day Care Services | 7 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 7 |
| 312120 | Breweries | 7 |
| 238310 | Drywall and Insulation Contractors | 7 |
| 561730 | Landscaping Services | 6 |
| 812112 | Beauty Salons | 6 |
Top 10 states
| State | Loans |
|---|---|
| ME | 285 |
| NH | 62 |
| MA | 6 |
| CT | 3 |
Top franchise brands financed
14 franchise loans across 9 distinct brands.
| Franchise | Loans |
|---|---|
| Zoo Health Club/Blitz 45 Funct | 3 |
| Ace Handyman Services | 2 |
| All Dry | 2 |
| Realty ONE Group / Realty ONE | 2 |
| Mister Bagel (Sublicense Agree | 1 |
| Otto Pizza | 1 |
| Signarama | 1 |
| Hannaford Bros. Co., LLC - Mas | 1 |
| Mosquito Squad | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.