SBA Loans in Old Town, ME
Unlock the power of the SBA to fuel your business growth, with flexible terms and low rates
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Great Rates, Less Requirements & Smaller Down Payments
StartCap’s SBA loans in Old Town, ME are tailored for small business success. With flexible terms and competitive rates, we provide the tools you need to grow. Build your business with trusted financial solutions.
Rates as Low as 6%
Yes, you read that correctly—access SBA loans with competitive rates that help your business thrive.
Terms up to 25 Years
Enjoy long repayment terms, giving you the flexibility to manage your cash flow over time.
Flexible Uses
Use your SBA loan for working capital, equipment, real estate, or other business expenses.
We're More Than Old Town SBA Loans
StartCap offers a range of financial solutions to businesses in Penobscot County, helping them achieve their goals with flexible, customized options. Whether you’re expanding or optimizing, we provide the resources to support your success.
From idea to orbit, we've got you covered.
No matter where you're at in your journey, we have options to help you get to the next level.
Idea-Stage
Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.
Early-Stage
Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.
Well-Established
Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.
+ 3-Months of Free Digital Marketing
For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Old Town or nationwide.
Here's a truck load of stuff to get kicked off
Find SBA Loans Near Old Town, ME
In Old Town and nearby cities, entrepreneurs are supported with flexible financial solutions that can help their businesses succeed. Our tailored options are designed to help you reach your goals. From Orono to Augusta and beyond, we're your credit line specialists.
SBA Loan FAQ's
Old Town, ME harbors a rich tapestry of small business potential along the Penobscot River, with local founders seeking strategic financial resources for growth. Business owners exploring Small Business Administration (SBA) loan opportunities find multiple pathways to funding regional economic development.
Here are a few local suggestions:- Bangor Savings Bank at Main Street & Central Street
- Cross Insurance at Hammond Street & State Street
- First National Bank at Washington Street & Oak Street
- University Credit Union at Broadway & Center Street
- Mechanics Savings Bank at Union Street & Exchange Street
- Bar Harbor Bank at Franklin Street & Center Street
Startup founders targeting SBA 7(a), 504, or microloan programs can leverage local lending expertise for equipment purchases, working capital, or commercial real estate investments. StartCap provides additional consultation for businesses seeking comprehensive financial strategy beyond traditional local banking solutions.
Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & requirements.Interest rates for SBA loans in Old Town, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Old Town, which are popular for new businesses, generally have rates ranging from 6% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster.
Yes, your business needs to be registered with the state to qualify for SBA funding. However, to receive funding from StartCap, your business doesn't need to be registered with the state. We can help you explore alternative funding options that rely more on personal credit, income, or assets if you're not registered. Or, we can help you to get registered.
Small business owners in Old Town, ME find diverse SBA loan opportunities across various industries. Retail shops, local restaurants, professional services, and home improvement contractors in Penobscot County frequently qualify for federal small business financing through established lending programs.
Manufacturing facilities, technology startups, construction companies, and service-based businesses like plumbing, electrical work, and HVAC services can access SBA loan options. Local founders seeking capital must meet specific eligibility requirements and demonstrate strong business planning for successful application approval.
