When traditional loans are not the solution for your financing needs, FAME’s business loans may be the answer.
These loans are directly administered by FAME, often in conjunction with partner agencies such as the Maine Department of Agriculture, Conservation and Forestry; and the Maine Rural Development Authority.
Let FAME help you navigate alternative financing options or supplement your existing financing. We can help connect you to resources at any stage of the business cycle.
Thrive Maine is a forgivable loan program for businesses and nonprofits that demonstrate COVID-related negative economic impacts. The second application cycle is scheduled to open in the spring of 2023.
FAME Direct Loan
Formerly known as the Economic Recovery Loan Program or ERLP, the FAME Direct Loan provides access to operating capital for startups and existing businesses for most business purposes.
FAME helps Maine farms and agricultural businesses compete by providing loan programs.
Compliance Assistance Loan Program
The Compliance Assistance Loan Program provides financing for the renovation, removal, disposal, or replacement of oil storage facilities or tanks and certain air quality improvement equipment.
Regional Economic Development Revolving Loan Program
The Regional Economic Development Revolving Loan Program provides loans through Maine’s regional economic development agencies for the purpose of creating or retaining jobs.
Regional Economic Development Revolving Loan Program for Day Care
The Regional Economic Development Revolving Loan Program for Day Care is a loan that quality Maine day care centers can use to start up or make improvements.
Maine Rural Development Authority
The Maine Rural Development Authority provides financing to revitalize communities by transforming abandoned and underutilized commercial spaces.
Linked Investment Program for Commercial Enterprises
Linked Investment Program for Commercial Enterprises helps reduce a borrower’s interest rate. Loans are approved and funded by the lender according to their own policies.