Provided on behalf of the Maine Public Utilities Commission (MPUC), this program provides low-interest loans to improve energy efficiency in Maine workplaces.
Eligibility
Maine-based businesses whose projects are approved by the MPUC. Businesses must exhibit a reasonable ability to repay the loan.
Loan Amount / Exposure
90% of project cost, up to a maximum loan amount of $35,000.
Click here if loan amount is greater than $35,000.
Interest Rate
3% fixed for the term of the loan.
Loan Term
Usually 5 years. Longer terms may be negotiated depending on the useful life of the assets being financed or additional collateral pledged.
Security
Assets being financed and other collateral, as required.
Fees
Application and all out-of-pocket closing fees.
Process
Contact MPUC to determine project eligibility. MPUC will submit complete application to FAME for underwriting.
Contact
207-287-3318
FAX: 207-287-1039
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717
