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

 
Connect with us: See FAME on Facebook See our YouTube channel


News of Interest

Subscribe to the FAME Blog

  • Wednesday, September 17, 2014 8:45 AM

    The Finance Authority of Maine (FAME) has completed bond financing on a deal that will benefit St. Croix Tissue, Inc. in Baileyville and the surrounding economy in Washington County. The financing will help St. Croix and a related company, Woodland Pulp, LLC, create and retain approximately 400 Maine jobs.

    Read more...

  • Monday, July 28, 2014 8:44 AM

    Loan insurance limit increased to a maximum of $375,000 or 75% of lender balance.

     

    Read more...