Intermediary Relending Program

This program is designed to assist small businesses by providing subordinate financing for any prudent business activity (some restrictions apply).

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

See fee schedule.

 

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: 

The applications are 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.

 

Contact

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

 
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News of Interest

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  • Thursday, May 01, 2014 10:08 AM

    The Finance Authority of Maine (FAME) is pleased to announce the launching of improvements to its popular and successful OnLine Application (OLA) product.  OLA is a faster, easier, and lower-cost way for authorized lenders to apply for loan insurance.

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  • Thursday, April 17, 2014 3:05 PM

    The Board of Directors of the Finance Authority of Maine (FAME) today approved new financing for Thermogen I, LLC, an entity with plans to develop a black pellet mill at the former Great Northern Paper mill in Millinocket.  The project is expected to help to create 55 direct jobs and approximately 281 indirect jobs in the region. 

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