Maine Community Bank
Maine Community Bank is an active SBA lender in Maine, a bank offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 5 Google reviews.
About Maine Community Bank
Maine Community Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various loan programs including the SBA 7(a) program, which is ideal for working capital, equipment purchases, and real estate acquisitions. Located in Portland, Maine, the bank leverages its local expertise to assist businesses across diverse industries, emphasizing flexibility and competitive terms. Their team works closely with clients to understand their unique needs and craft suitable financing options. Whether you're starting a new venture or expanding an existing business, Maine Community Bank provides accessible lending options with a commitment to supporting the local economy. The bank's experienced staff guides borrowers through the application process, ensuring clarity and efficiency. They also offer advice on credit requirements and loan structuring, aiming to make SBA financing straightforward and attainable for small business owners in the region.
Serves SBA borrowers in 2 states
Maine Community Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Maine Community Bank finances
Business types Maine Community Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Maine Community Bank
What is this place and what can I find here?
This is a community-focused bank offering SBA loan programs designed to help small businesses grow and succeed in the Portland area. You can find personalized financial solutions, expert guidance, and support for various business needs. The bank specializes in SBA 7(a) loans, providing accessible funding options tailored to small business owners.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours. Calling ahead can help streamline the process and prepare necessary documentation.
What are the hours of operation?
Maine Community Bank's lobby hours are Monday through Friday, 8:30 AM to 5:00 PM, with extended drive-up service from 7:30 AM. Hours vary by location. Confirm with your branch for specific location hours.
Is there a fee to use this?
There are no fees for simply visiting the bank; however, loan processing and application fees may apply depending on the specific financing arrangement. These fees are disclosed upfront during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners in the Portland area, but they may also work with regional clients depending on the loan program and eligibility criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is generally preferred, but the exact requirement can vary based on the loan type and borrower profile.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the completeness of documentation and the complexity of the loan application.
Is this open on weekends?
Yes, Maine Community Bank is open on Saturdays from 8:30 AM to 12:00 PM. Sunday hours are generally closed. Video tellers available Saturday 7:30 AM – 12:00 PM. Confirm with your specific branch.
How do I get there and where do I park?
Maine Community Bank 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.
Who owns or operates this listing?
This page is an independent directory listing for Maine Community Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Maine Community Bank itself, which runs its own lending under its own ownership. If you work at Maine Community Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Maine Community Bank — 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 Maine Community Bank before applying. If you represent Maine Community Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Maine Community Bank by phone at (207) 773-4027 or online at maine.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 Maine Community Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Maine Community Bank most often finances businesses in restaurants & food service, construction & contractors, manufacturing, general retail, medical practices & clinics, and hotels & lodging. This reflects Maine Community Bank'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 Maine Community Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Maine Community Bank participates in SBA Express depends on its specific SBA lending authority. Contact Maine Community Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Maine Community Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Maine Community Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Maine Community Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Maine Community Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Maine Community Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Maine Community Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Maine Community Bank weighs this case by case under its own policy, so be upfront about your history and ask Maine Community Bank how it evaluates prior bankruptcies.
