SBA Loans for Hotels (except Casino Hotels) and Motels in Maine: Top Lenders
NAICS 721NAICS 721 covers hotels (except casino hotels) and motels businesses in Maine. Based on historical SBA 7(a) lending data.
Total Approvals
7
in Maine
Median Loan Size
$115,500
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 721 covers hotels (except casino hotels) and motels businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $115,500.
Key trends & insights
- Hotels (except Casino Hotels) and Motels in Maine lending is concentrated — Kennebunk Savings Bank, Readycap Lending, LLC, Franklin Savings Bank together account for 57% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Kennebunk Savings Bank leads this industry with 2 approvals (29% market share) and a median loan of $40,000.
- Hotels (except Casino Hotels) and Motels in Maine loans skew smaller than the SBA average at $115,500 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Hotels (except Casino Hotels) and Motels in Maine
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $40,000 | |
| 2 | 1 | $50,000 | |
| 3 | 1 | $579,100 | |
| 4 | 1 | $115,500 | |
| 5 | 1 | $3,003,600 | |
| 6 | 1 | $1,083,000 |
Recent SBA 7(a) approvals for Hotels (except Casino Hotels) and Motels in Maine
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | Franklin Savings Bank | Nat*****LLC | Sullivan, ME | $579,100 |
| 2025-02 | Readycap Lending, LLC | ACA*****LLC | Tremont, ME | $50,000 |
| 2023-07 | Franklin Savings Bank | SS *****LLC | MILLINOCKET, ME | $150,000 |
| 2023-04 | Maine Community Bank | Vin*****LLC | OLD ORCHARD BEACH, ME | $3,003,600 |
| 2023-02 | Readycap Lending, LLC | Bar*****Inc | BLUE HILL, ME | $992,000 |
| 2022-12 | Kennebunk Savings Bank | Gar*****nc. | Kennebunk, ME | $50,000 |
| 2021-11 | IncredibleBank | Har*****LLC | Auburn, ME | $1,083,000 |
| 2021-04 | Citizens Bank | Nor*****Inc | OXBOW, ME | $528,300 |
| 2020-05 | Katahdin Trust Company | Mat*****LLC | T6 R8 WELLS, ME | $115,500 |
| 2020-02 | Kennebunk Savings Bank | AD***LLC | Boothbay Harbor, ME | $30,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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