Androscoggin Savings Bank approved 64 SBA loans worth $13.5M between October 2021 and June 2026, ranking #473 of 2,283 SBA lenders nationally by loan count. Its median loan was $100,000, and 44% went to startups or businesses under two years old. It lent in 3 states, most often in Maine, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Maine | 61 | $11.9M | $91,900 | #7 |
| Massachusetts | 2 | $974K | $486,750 | #174 |
| New Hampshire | 1 | $630K | $630,000 | #89 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 18 | $336,000 | |
| Professional and technical services | 11 | $126,000 | |
| Health care and social assistance | 9 | $115,000 | |
| Arts, entertainment and recreation | 6 | $49,350 | |
| Transportation and warehousing | 6 | $52,100 | |
| Construction | 4 | $55,650 | |
| Retail | 3 | $85,000 | |
| Administrative and support services | 2 | $36,550 | |
| Other services (repair, personal care) | 2 | $125,000 | |
| Agriculture, forestry and fishing | 1 | $50,000 |