Bar Harbor Bank & Trust
Bar Harbor Bank & Trust is an active SBA lender in the United States, a bank offering SBA-guaranteed small-business loans. Currently rated 2.4 stars across 24 Google reviews.
$130M
in SBA approvals since 2010
715
SBA loans funded
Manufacturing · General Retail · Medical Practices & Clinics
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Bar Harbor Bank & Trust
Bar Harbor Bank & Trust 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 SBA programs including the popular 7(a) loan program, which helps entrepreneurs access funds for a wide range of business purposes. Their team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. The bank's expertise in SBA lending makes it a trusted partner for small business owners in the region, offering flexible terms and competitive rates. Whether you're looking to purchase equipment, real estate, or working capital, Bar Harbor Bank & Trust provides the financial tools necessary to help your business succeed. Their commitment to community banking means they prioritize local businesses and foster economic growth in the area. With a strong reputation for customer service and a deep understanding of SBA programs, they are well-equipped to support your business goals.
Common questions about Bar Harbor Bank & Trust
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and banking services tailored to small businesses. You can find assistance with funding, business banking, and financial advice to support your entrepreneurial goals.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.
What are the hours of operation?
Bar Harbor Bank & Trust's Bar Harbor branch offers lobby hours Monday–Thursday 8:30 AM to 4:00 PM and Friday 8:30 AM to 5:00 PM. Please confirm current hours with the branch at 207-288-3314.
Is there a fee to use this?
There are no fees for simply visiting or consulting; however, loan processing and service fees may apply depending on the transaction.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the region, but they welcome inquiries from prospective clients fitting their lending criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, though specific requirements may vary based on the loan and applicant 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 complexity of the loan and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Bar Harbor Bank & Trust 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 Bar Harbor Bank & Trust to confirm current weekend availability before you go.
How do I get there and where do I park?
Bar Harbor Bank & Trust is located at the address listed on this page — 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 Bar Harbor Bank & Trust, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Bar Harbor Bank & Trust itself, which runs its own lending under its own ownership. If you work at Bar Harbor Bank & Trust, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Bar Harbor Bank & Trust — 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 Bar Harbor Bank & Trust before applying. If you represent Bar Harbor Bank & Trust, claim this listing to keep its information up to date.
How do I contact this listing directly?
Reach Bar Harbor Bank & Trust at 207-288-3314, or use their contact form at barharbor.bank/about-us/contact-us. Customer Service Center: 888-853-7100 (US) or 207-667-7100 (International); 24-Hour Phone Banking: 888-638-1950. Confirm availability with the lender.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Bar Harbor Bank & Trust can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Bar Harbor Bank & Trust directly which industries 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 Bar Harbor Bank & Trust participates in SBA Express depends on its specific SBA lending authority. Contact Bar Harbor Bank & Trust 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. Bar Harbor Bank & Trust 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. Bar Harbor Bank & Trust's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bar Harbor Bank & Trust 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 Bar Harbor Bank & Trust 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 Bar Harbor Bank & Trust 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 Bar Harbor Bank & Trust 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. Bar Harbor Bank & Trust weighs this case by case under its own policy, so be upfront about your history and ask Bar Harbor Bank & Trust how it evaluates prior bankruptcies.