Nutrient Management Loan Program
This low-interest loan program was created to fund the construction and improvement of livestock manure and milk room waste containment/handling facilities, including associated costs of the design and engineering of these facilities, as well as the cost of related equipment, in each case so long as the project meets the goal of the State's Nutrient Management Plan. The program is administered by FAME in cooperation with the Maine Department of Agriculture, Food and Rural Resources and the Maine Municipal Bond Bank.
Eligibility
Any business or individual identified by the Maine Department of Agriculture, Food & Rural Resources as required by law, to upgrade manure and milk room waste containment/handling facilities. Constuction financing is available.
Loan Amount / Exposure
100% of an eligible project up to $350,000.
Interest Rate
2% fixed.
Loan Term
Determined by the useful life of the assets being financed, not to exceed 20 years.
Security
Assets being financed and other collateral, as required or available.
Fees
Click here for fee schedule.
Process
Contact FAME for an application. Submit loan application package to FAME and a copy of the application (excluding financial information) to the Maine Department of Agriculture, Food & Rural Resources.
Contact
For eligibility:
207-287-1132
FAX: 207-287-7548
TTY: 207-287-4470
For application:
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717