Areas Served: City of South Portland The purpose of the Revolving Loan Fund is to promote the economic well being of South Portland, Maine by helping to finance projects which maximize private sector investment, offer benefit to low and moderate income people, and continually add value to the economic base of the City. Individual loans
Read MoreAreas Served: Washington and Hancock County Job Start offers loans up to $10,000 to start or expand a small business in Washington and Hancock County, Maine at an interest rate of prime plus 1% with no origination fees. Requirements: To qualify for a loan you must be: Unable to obtain financing from a bank Have
Read MoreAreas Served: City of Caribou The Caribou, Maine Chamber of Commerce offers a revolving loan fund for businesses in Caribou, Maine. Activities that can be financed in part with CDF monies include, but are not limited to: – Real property acquisition – Capital equipment – Building construction and/or renovation – On-site utilities and streets –
Read MoreAreas Served: City of Auburn 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 Auburn, Maine. Intermediary Relending Program (USDA-RD-IRP) – Loan Amount – 25% of total project cost or $150,000 max – Interest –
Read MoreAreas Served: York & Cumberland Counties GPCOG administers two revolving loan fund programs: the Regional Economic Development Loan Program (REDLP), and the Southern Maine Economic Development District (SMEDD) Revolving Loan Fund Program. Regional Economic Development Loan Program (REDLP): This program, established in 1996 as a result of a Finance Authority of Maine (FAME) grant that
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