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Fact Book: Doing Business in Maine 2024

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W W W. M A I N E B I Z . B I Z 47 Fact Book / Doing Business in Maine B U S I N E S S R E S O U R C E S Bank Bank headquarters Number of loans Average loan Average interest 1 TD Bank Wilmington, Del. 54 $33,461 10.60% 2 Bangor Savings Bank Bangor 43 $99,209 6.10% 3 Camden National Bank Camden 18 $153,611 5.10% 4 Infinity FCU Westbrook 17 $53,588 8.30% 5 Norway Savings Bank Norway 7 $280,114 5.60% 6 Kennebunk Savings Bank Kennebunk 7 $231,000 5.60% 7 Bath Savings Institution Bath, ME 7 $146,549 6.20% 8 KeyBank Cleveland 6 $582,500 7.30% 9 Live Oak Wilmington, N.C. 5 $951,000 7.00% 10 Stearns Bank Saint Cloud, Minn. 4 $382,250 7.90% S O U R C E : U.S. Small Business Administration Most active SBA lenders in Maine NUMBER OF LOANS AVERAGE LOAN 0 10 20 30 40 50 60 $0 $100K $200K $300K $400K $500K $600K $700K $800K $900K $1M 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% AVERAGE INTEREST TD Bank Bangor Savings Bank Camden National Bank Infinity FCU Norway Savings Bank Kennebunk Savings Bank Bath Savings Institution KeyBank Live Oak Stearns Bank TD Bank Bangor Savings Bank Camden National Bank Infinity FCU Norway Savings Bank Kennebunk Savings Bank Bath Savings Institution KeyBank Live Oak Stearns Bank TD Bank Bangor Savings Bank Camden National Bank Infinity FCU Norway Savings Bank Kennebunk Savings Bank Bath Savings Institution KeyBank Live Oak Stearns Bank

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