Businesses located in the State of Maine.

• Up to 90% of a lender's loan on a pro-rata basis or up to 25% on a leveraged basis. 100% insurance available for loans to veterans, oil storage facility projects, clean fuel vehicle projects, and waste oil disposal site clean up projects. FAME exposure to any one relationship may not exceed $4,250,000.
• Additional restrictions apply to working capital loans.

Determined by Lender.

Consistent with the useful life of the assets being financed or provided as collateral.

Assets being financed and other business assets, as necessary.

Unlimited personal guarantees of business principals, secured by personal real estate (where available), are generally required.

Application 1% of the proposed exposure, if request is in excess of $1,000,000. Can be applied to commitment fee, if issued, and refundable only in the event of denial.

Commitment 1% of insured amount for pro-rata insurance or 1.5% of insured amount for leverage, except in case of the renewal of a previously insured facility, in which case this fee is .5%.

Annual 1% of the proposed exposure under $1,000,000 or 1.25% of the proposed exposure of $1,000,000 or greater for pro-rata insurance and 2% of the proposed exposure for leveraged insurance.

Lender must provide a complete FAME application together with a cover letter, executed commitment, and lender's analysis. Most financing decisions are made at the staff level; however, decisions on relationship exposures of $1,000,000 or greater must be approved by the FAME Board of Directors.

Click here for application.   The application is in a PDF format, which can be completed on line and must be printed and sent to FAME.   A completed copy can be saved by going under "File" and "Save As" and saved in the directory of your choice.

The applications above can be viewed using Adobe Acrobat. You may download a free copy of Adobe Acrobat Reader by clicking here.

FAME
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717