Areas Served: Aroostook County and parts of Piscataquis and Penobscot County OVERVIEW: 1. Public investment tools available to assist distressed areas. 2. For the purpose of making loans to achieve economic benefits. 3. RLF Goals are for private sector job creation and capital formation. 4. RLF’s are not substitutes for conventional lending sources. 5.
Read MoreAreas Served: Washington County The Sunrise Loan Fund (SLF) is a revolving loan fund established and administered by Sunrise County Economic Council (SCEC) in Machias for businesses in Washington County, Maine. Currently there are two revolving loan funds created with funding and assistance from USDA Rural Development and FAME, or the Finance Authority of Maine.
Read MoreAreas Served: Somerset County Somerset Economic Development Corporation has a revolving loan fund available to assist small businesses with their cash requirements. Uses of Funds – Purchase new equipment – Line of credit for cash flow purposes – Hire new employees – Start a new business venture – Down payments for your bank to obtain
Read MoreAreas Served: Statewide Maine The Economic Recovery Loan Program provides subordinate (gap) financing to assist Maine businesses in their efforts to remain viable and/or improve productivity. From time to time, FAME utliizes funds in this program to address specific business community needs. Eligibility Maine-based businesses that exhibit a reasonable ability to repay the loan and
Read MoreAreas Served: City of Portland The Portland Business Loan Fund is a revolving loan fund designed to stimulate growth and development within the City of Portland, Maine. The fund is available to any new or existing Portland business for Building Renovation, Machinery and Equipment Purchase, Leasehold Improvements, Facade Renovation, Acquisition of Owner Occupied Commercial Real
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