Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Rockland, Maine Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Rockland, Maine? If so, you'll want to talk to some of these small business lenders in Rockland.

If you are planning on applying for a small business loan and your business is based in Rockland, Maine, we've put together a list of local small business banks that you should contact.

Local Rockland Lending Resources

Without further adieu, here's our list of small business banks in Rockland.

Small Business Bank Recent SBA Loans
Androscoggin Savings Bank  
Bar Harbor Banking and Trust Company  
Camden National Bank  
First  
Fleet Bank  
Keybank - Keycenters- Rockland  
Peoples Heritage Bank - Banking Centers  
Rockland Savings & Loan  
Union Trust  

Banks that Lend to Rockland Businesses

This is a list of banks outside of Rockland, Maine that have provided SBA loans to Rockland businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bangor Savings Bank
Bangor, ME
2
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
1
Camden National Bank
Bangor, ME
1
Capital One Bank (usa)
Glen Allen, VA
1
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Keybank National Association
Cleveland, OH
1
Td Banknorth
Portland, ME
1
Union Trust Company
Ellsworth, ME
2

Rockland Bank Loan Tips

As a prerequisite to reaching out to lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Business Credit Evaluation.

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