• Dec 05, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

Lewiston-Auburn Economic Growth Council provides gap financing to commercial enterprises which will create jobs and stimulate economic activity through the establishment of new, and expansion of, existing businesses in Lewiston, Maine.

Economic Stimulus Loan Pool (ESLP) – Loan Amount – 25% or $15,000 – $100,000 – Interest Rate – Varies, typically 8% – Term – Up to 5 years – Collateral – Business Assets, Real Estate & Personal Property and Guaranty – Eligible Activities –« Site Purchase & Development –« Construction & Rehabilitation –« Machinery & Equipment –« Working Capital – Eligible Applicants –« Industrial / Manufacturer –« Wholesale / Distributor –« Service / Retailer – Other Requirements – Jobs Created: 1 per $25k loaned, 51% low / mod Micro Venture Program – Loan Amount – $2,500 – $25,000 – Interest Rate – Varies, typically 8% – Term – Up to 5 years – Collateral – Business Assets, Real Estate & Personal Property and Guaranty – Eligible Activities –« Inventory & Supplies –« Construction & Rehabilitation –« Machinery & Equipment –« Working Capital – Eligible Applicants –« Industrial / Manufacturer –« Wholesale / Distributor –« Service / Retailer – Other Requirements – Jobs Created: 1 per $25k loaned; 51% low / mod



Contact Information
Lewiston-Auburn Economic Growth Council
Address: 415 Lisbon Street
City: Lewiston
State: Maine

Website: http://economicgrowth.org/business/loan-programs/

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