Partners Bank of New England

This is a bank offering SBA loan programs and small business financing solutions, providing personalized support to help entrepreneurs grow their businesses.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also accommodated depending on availability.

The bank typically operates Monday through Friday from 9 am to 5 pm, but hours may vary, so it's best to contact them directly for confirmation.

There are no fees to visit the bank; however, loan processing and application fees may apply depending on the financing options chosen.

This bank primarily serves residents and small business owners within its regional service area, with a focus on community development.

A minimum personal credit score of around 640 is generally preferred, but the exact requirement can vary based on the loan and borrower profile.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan application and completeness of documentation.

Partners Bank of New England is open Saturdays from 8:15 AM to 12:00 PM for customer care. Confirm current hours with the bank directly.

Partners Bank of New England 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 Partners Bank of New England, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Partners Bank of New England itself, which runs its own lending under its own ownership. If you work at Partners Bank of New England, you can claim this listing from this page to manage it.

The core details for Partners Bank of New England — 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 Partners Bank of New England before applying. If you represent Partners Bank of New England, claim this listing to keep its information up to date.

You can reach Partners Bank by phone at (888) 226-5747, through their online contact form at partners.bank, or visit 900 Main Street, Sanford, Maine 04073. For SBA loans, confirm the appropriate department when you contact them.

Based on its approved SBA loans, Partners Bank of New England most often finances businesses in restaurants & food service, general retail, cleaning, landscaping & janitorial, construction & contractors, consulting & management, and hotels & lodging. This reflects Partners Bank of New England'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 Partners Bank of New England 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 Partners Bank of New England participates in SBA Express depends on its specific SBA lending authority. Contact Partners Bank of New England 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. Partners Bank of New England 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. Partners Bank of New England's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Partners Bank of New England 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 Partners Bank of New England 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 Partners Bank of New England 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 Partners Bank of New England 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. Partners Bank of New England weighs this case by case under its own policy, so be upfront about your history and ask Partners Bank of New England how it evaluates prior bankruptcies.