Bancroft Contracting Corporation
Bancroft Contracting Corporation received its first SBA guaranty loan in August of 1977 in the amount of $210,000. At that time they had 25 employees and created 2 new jobs. In February 2005 a second guaranty loan was disbursed in the amount of $1,800,000. By this time the company had 150 employees and created one new job. Both of these loans have been paid in full and continue to grow. Bancroft Contracting has had record years in both 2008 and 2009. The company currently has 175 employees. Bancroft Contracting Corporation was SBA’s Maine Small Business Person of the Year in 2009.
Bancroft Contracting Corporation is a family owned self-performing general contracting company headquartered in the western Maine town of South Paris. Al Bancroft founded the company in 1977. His son, Mark Bancroft, became president of the company in 2002 and purchased the company in 2004. Bancroft Contracting Corporation provides a comprehensive range of construction and industrial maintenance services to a variety of markets. Customers include pulp and paper manufacturers, power generating companies, state transportation departments, cement and plastics manufacturers and many other industrial and commercial customers. Bancroft also places thousands of cubic yards of reinforced concrete every season in projects including dams, bridges, and large commercial foundations.