The Nutrient Management Loan Program helps farms and other agricultural businesses fund nutrient management projects such as diversion, irrigation, anaerobic digesters, composting, or treatment facilities.
About the Nutrient Management Loan Program
The Nutrient Management Loan Program was developed in cooperation with the Maine Department of Agriculture, Conservation and Forestry (DACF); the Maine Department of Environmental Protection; and the Maine Municipal Bond Bank. The program is administered by FAME.
Generally, any business or individual identified by the DACF as having eligible agricultural non-point-sources pollution abatement projects.
Eligible uses include, but are not limited to: diversion, irrigation, anaerobic digesters, composting, or treatment facilities in the state of Maine. Projects must be deemed eligible by the DACF. Loan funds may not be used for working capital, non-project-related equipment and expenses, or refinancing. Borrowers that are defined as a Concentrated Animal Feeding Operation are not eligible for this program. No construction lending is permitted.
100% of an eligible project up to $450,000
Up to 20 years and determined by the useful life of the asset(s) being financed.
Asset(s) being financed and other collateral, as required or available.
Guarantees of business principals owning 20% or more of the business or 5% or more and receiving significant income from the business.
- Loan origination fee: 2%
- Annual loan administration fee: 1% of loan balance
- Borrower is responsible for all loan closing costs.
How to Apply
The first step in the application process is an eligibility determination. Submit an Eligibility Form to the Maine Department of Agriculture, Conservation and Forestry (DACF).
If the project is deemed eligible, the DACF will notify applicant(s) and will forward the Eligibility Form to FAME.
Eligibility Documents (DACF)
Eligibility Contact (DACF)
Maine Department of Agriculture, Conservation and Forestry
After the project is deemed eligible by DACF, the applicant(s) must then complete and submit the required program application documents to FAME.
Application Documents (FAME)
Save and print your completed forms, then mail to FAME.
Application Contact (FAME)
207-623-3263 or 1-800-228-3734