Bath Savings Institution

This is a local bank offering SBA loans and small business banking services to support entrepreneurs and small business owners in Bath, Maine. You can find personalized financial assistance, loan options, and community-focused banking solutions designed to help your business succeed.

You can walk in during business hours for general inquiries, but for detailed loan discussions or application assistance, it is recommended to schedule an appointment with a banking specialist.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays, so it's best to check ahead or schedule an appointment if needed.

There are no fees to access basic banking services, but loan applications and certain financial products may involve fees, which will be disclosed during the application process.

This bank primarily serves residents and small businesses within the Bath area and surrounding communities, with a focus on local economic development.

A minimum personal credit score of around 640 is generally preferred, but approval depends on overall financial health and collateral.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Bath Savings Institution typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Bath Savings Institution to confirm current weekend availability before you go.

Bath Savings Institution is located in Maine — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Bath Savings Institution, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Bath Savings Institution itself, which runs its own lending under its own ownership. If you work at Bath Savings Institution, you can claim this listing from this page to manage it.

The core details for Bath Savings Institution — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Bath Savings Institution before applying. If you represent Bath Savings Institution, claim this listing to keep its information up to date.

You can reach Bath Savings Institution by phone at (207) 442-7711 or online at bathsavings.bank — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Bath Savings Institution before relying on them.

Based on its approved SBA loans, Bath Savings Institution most often finances businesses in restaurants & food service, general retail, construction & contractors, food manufacturing & processing, manufacturing, and automotive repair & services. This reflects Bath Savings Institution's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Bath Savings Institution which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Bath Savings Institution participates in SBA Express depends on its specific SBA lending authority. Contact Bath Savings Institution and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Bath Savings Institution can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Bath Savings Institution's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bath Savings Institution directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Bath Savings Institution what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Bath Savings Institution to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Bath Savings Institution to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Bath Savings Institution weighs this case by case under its own policy, so be upfront about your history and ask Bath Savings Institution how it evaluates prior bankruptcies.