Intermediary Relending Program
This program is designed to assist small businesses by providing subordinate (gap) 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 $150,000.
Interest Rate
Wall Street Journal Prime (fixed at commitment).
Loan Term
- Real Estate - up to 20 years
- Machinery & Equipment - up to 10 years
- All other - up to 7 years
Security
Assets being financed and other collateral, as required.
Fees
Click here for fee schedule.
Process