This program provides financing for response costs incurred by eligible applicants for the investigation, removal and remediation of contamination at the Portland - Bangor Waste Oil Services sites in Wells and Plymouth, Maine. (Applications related to Wells are no longer being accepted. Applications related to Plymouth are currently closed, but may reopen.)
Eligibility
Must be deemed a "potentially responsible party" related to the waste oil contamination and other relevant criteria
Loan Amount / Exposure
Maximum loan amount for a direct loan is dependent upon extent of applicant's liability and amounts available in fund. Loan insurance of up to 100% is also available.
Interest Rate
0%.
Loan Term
Up to 10 years. Payments in the program are currently deferred.
Security
Collateral required.
Fees
- FAME's expenses for closing, administering and collecting the loan.
- Insured loans carry a 1% annual fee.
Process
Contact FAME for application.
Contact
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717
