Areas Served: Hancock, Knox, Penobscot, Piscataquis, Waldo, and Washington Counties.
The Economic Development Administration Revolving Loan, sponsored by the U.S. Economic Development Administration, assists existing or start-up businesses with special financing needs.
Its objective is to create job opportunities and stimulate economic activity in rural communities.
¢Up to $150,000
¢Up to 50% of project costs
¢Up to Wall Street prime rate, fixed
¢Up to 20-year term EMDC administers the EDA RLF to businesses in Hancock, Knox, Penobscot, Piscataquis, Waldo, and Washington Counties.
Contact InformationEastern Maine Development Corporation
Address: 40 Harlow Street
City: Bangor
State: Maine
Website:
http://www.emdc.org/feed.php?num=3&news_id=23&feed_id=15
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