Katahdin Trust Company
Katahdin Trust Company is an active SBA lender in Maine, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 4 Google reviews.
$80M
in SBA approvals since 2010
363
SBA loans funded
Restaurants & Food Service · Real Estate & Property Management · Manufacturing
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Katahdin Trust Company
Katahdin Trust Company offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth and expansion. With a focus on SBA 7(a) loans, the bank provides flexible financing options that help entrepreneurs access capital for various needs including real estate, equipment, and working capital. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank's commitment to personalized service and local expertise makes it a reliable partner for business owners in the region. They support loan amounts up to $4,500,000, making them well-suited for larger projects or business acquisitions. Whether you're a startup or an established enterprise, Katahdin Trust Company aims to facilitate your business goals with tailored financial solutions and expert advice.
Industries Katahdin Trust Company finances
Business types Katahdin Trust Company actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Katahdin Trust Company
What is this place and what can I find here?
This is a local bank offering SBA loan programs to help small and medium-sized businesses access financing for growth and expansion. You can find personalized support and expert guidance throughout the loan process to meet your business needs.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for your visit.
What are the hours of operation?
Katahdin Trust Company operates Monday through Friday from 9:00 AM to 4:00 PM. Hours may vary by location—contact your local branch directly to confirm.
Is there a fee to use this?
There are fees associated with SBA loans, including application and closing costs, which vary depending on the loan specifics. These fees are disclosed upfront during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and businesses within the region. Eligibility depends on meeting loan requirements and regional 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, though higher scores may improve approval chances.
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 the application.
Is this open on weekends?
No, Katahdin Trust Company branches are closed on Saturdays and Sundays. However, most locations offer 24/7 ATM access.
How do I get there and where do I park?
Katahdin Trust Company 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 Katahdin Trust Company, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Katahdin Trust Company itself, which runs its own lending under its own ownership. If you work at Katahdin Trust Company, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Katahdin Trust Company — 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 Katahdin Trust Company before applying. If you represent Katahdin Trust Company, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Katahdin Trust Company by phone at (207) 528-2211 or online at katahdintrust.com — 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 Katahdin Trust Company before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Katahdin Trust Company most often finances businesses in transportation & trucking, general retail, construction & contractors, restaurants & food service, manufacturing, and wholesale & distribution. This reflects Katahdin Trust Company'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 Katahdin Trust Company 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 Katahdin Trust Company participates in SBA Express depends on its specific SBA lending authority. Contact Katahdin Trust Company 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?
Yes, Katahdin Trust Company is an SBA Preferred Lender, enabling faster loan approvals with an expert team handling local decisions. Contact them to confirm current Preferred Lender Program status.
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. Katahdin Trust Company's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Katahdin Trust Company 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 Katahdin Trust Company 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 Katahdin Trust Company 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 Katahdin Trust Company 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. Katahdin Trust Company weighs this case by case under its own policy, so be upfront about your history and ask Katahdin Trust Company how it evaluates prior bankruptcies.
