Quality Maine day care centers can use this loan to start up or make improvements.
Must be a licensed child care provider (or meet licensing standards) and utilize recognized quality indicators for child care services as approved by the Maine Department of Health and Human Services.
Up to $350,000 (If a portion of the project is for lead abatement, that portion may not exceed $15,000.)
Up to 20 years.
Assets being financed and additional collateral, as required.
1% commitment fee, plus all costs of closing.
Submit completed applications to FAME for review and final decision.
- Regional Economic Development Revolving Loan Day Care application
- Environmental Questionnaire
- Employment Plan
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.