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Skowhegan Savings Bank

SKOWHEGAN, ME 4976

2
Loans Approved
$3.2M
Total Volume
$1.6M
Avg Loan Size
1
States Served

States Served

Maine

Top Industries Financed

  • Semiconductor and Related Device Manufacturing
  • Lessors of Nonresidential Buildings (except Miniwarehouses)

Quick Summary

Skowhegan Savings Bank is an SBA-approved lender headquartered in SKOWHEGAN, Maine. Since 2020, they have approved 2 SBA 7(a) loans totaling $3.2M, with an average loan size of $1.6M. They primarily serve Maine businesses.

About Skowhegan Savings Bank

Skowhegan Savings Bank is an SBA-approved lender headquartered in SKOWHEGAN, Maine. Since 2020, they have approved 2 SBA 7(a) loans totaling $3.2M, with an average loan size of $1.6M. They primarily serve businesses in Maine.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Skowhegan Savings Bank an SBA Preferred Lender?

Skowhegan Savings Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Skowhegan Savings Bank approved?

According to SBA FOIA public records, Skowhegan Savings Bank has approved 2 SBA 7(a) loans totaling $3.2M since 2020. Their average loan size is $1.6M.

What states does Skowhegan Savings Bank serve?

Skowhegan Savings Bank primarily serves businesses in Maine.

How do I apply for an SBA loan with Skowhegan Savings Bank?

To apply for an SBA 7(a) loan with Skowhegan Savings Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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