Intermediary Relending Program

The Intermediary Relending Program provides funding to small Maine businesses to expand operations or promote job growth and community development.

Eligibility

  • Most Maine-based businesses, except agriculture
  • Must be located outside defined urban areas
  • Must demonstrate historical ability to service debt
  • Must show efforts made to access additional sources of capital
  • Must demonstrate employment of low-income persons, farm families and displaced farm families

Loan Amount/Exposure

Not to exceed 75% of project cost, up to a maximum loan amount of $250,000.

Interest Rate

Wall Street Journal Prime (fixed at commitment).

Loan Term

  • Real estate – up to 20 years
  • Machinery and equipment – up to 10 years
  • All other – up to 7 years

Security

Assets being financed and other collateral, as required.

Fees

Commitment fee: 0.5%

Process

Although not required, FAME encourages all applicants to discuss their loan request with a FAME loan officer prior to submission to ensure program eligibility.

Application

All of the following documents must be completed and returned to FAME in order to complete the loan application process.

Application Downloads

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

The applications are in a PDF format, which can be completed on-line and must be printed and sent to FAME.

Contact

FAME