Areas Served: Town of Madison The Town of Madison, Maine has been awarded $50,000 from USDA Rural Development for the Revolving Loan Fund. The loans are for local businesses for a variety of uses with affordable interest rates. Contact InformationMadison Economic Development OfficeAddress: 26 Weston AvenueCity: MadisonState: Maine Website: http://www.madisonmaine.com/index.asp?Type=B_BASIC&SEC={F2D22BC6-6B4F-47A1-93BE-DA6062A8C047}
Read MoreAreas Served: Aroostook County and parts of Piscataquis and Penobscot County PURPOSE It is the purpose of this program to provide financing for business activity and community development to help create and/or retain jobs within the economic development district serviced by the Northern Maine Development Commission. It is important to concentrate on readjustment of existing
Read MoreAreas Served: Penobscot, Piscataquis, Waldo, and Knox County MainStream Finance offers a Micro Business Loans for Maine based businesses. Amount: Up to $50,000 Term: Up to 20 years Eligible uses of loan funds – Purchase of inventory – Equipment – Computers – Real estate – Upgrade of existing equipment – Building renovation & improvements Rates:
Read MoreAreas Served: Town of Richmond TIF Loans are available for Richmond, Maine businesses. Funds can be for building improvements and/or repairs, business equipment, marketing, cash flow. Maximum aggregate amount to borrow is $25,000 with repayments up to 5 years @ 5% intereSt. Contact InformationTown of Richmond, MaineAddress: 26 Gardiner StreeCity: RichmondState: Maine Website: http://www.richmondmaine.com/pictures/pdfs/cdbg%20brochure.pdf
Read MoreAreas Served: All Maine Counties The State of Maine offers a variety of loans that are intended to help businesses in certain industries or to help further the environmental goals of the state. Loan programs include: – Economic Recovery Loan Program – Dental Equipment Revolving Loan Program – Agricultural Marketing Loan Fund – Potato Marketing
Read More