SBA lending record
Somerset Power Engineering
11 DANE AVE, Skowhegan, ME · Engineering Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$500K
Total SBA financing
1
Loan on record
FY2026
On record
2
Jobs supported
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The loan
$500,000 — FY2026
- Gross approval
- $500,000
- SBA guaranteed
- $250,000 (50%)
- Status
- Committed
- Rate at approval
- 7.75% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/9/2026
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for Somerset Power Engineering in Skowhegan, ME (Engineering Services). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $500K
- On record FY2026
- 2 jobs supported
- Industry: Engineering Services
- Location: Skowhegan, ME
- Lender: Bangor Savings Bank
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is Somerset Power Engineering your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Somerset Power Engineering.