This program provides quality childcare projects with loans for physical site improvements.
Eligibility
Must be licensed childcare providers (or meet licensing standards) and utilize recognized quality indicators for childcare services as approved by the Maine Department of Human Services.
Loan Amount / Exposure
Up to $100,000 (if a portion of the project is for lead abatement, that amount may not exceed $5,000).
Interest Rate
Between 6% and Prime, depending on debt service coverage of the borrower.
Loan Term
Up to 20 years.
Security
Assets being financed and additional collateral, as required.
Fees
1% commitment fee, plus all costs of closing.
Application
Click here to view application.
The applications above can be viewed using Adobe Acrobat. You may download a free copy of Adobe Acrobat Reader by clicking
here.
Contact
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717
