The Regional Economic Development Revolving Loan Program (REDRLP) makes loans through Maine’s regional economic development agencies to help create or retain jobs. FAME makes disbursements to regional economic development agencies, and the agencies in turn make loans to eligible borrowers.

About the Regional Economic Development Revolving Loan Program


Businesses that have sales under $10,000,000 or employ 100 or fewer employees, conducting business in the following categories:

  • Advanced manufacturing technologies
  • Advanced information systems
  • Advanced biological/natural resource technologies
  • Conversion from defense industry
  • Significant export involvement (goods or services)
  • Significant research and development
  • Micro-businesses (fewer than 15 employees)
  • Quality child-care projects (Regional Economic Development Revolving Loan Program for Day Care is also administered directly by FAME)
  • Businesses significantly engaged in commercial and/or mixed-use real estate and/or community facilities development
  • Businesses significantly engaged in serving tourists, such as outdoor recreation, culture, heritage and hospitality

Loan Amount/Exposure

  • 50% of total project cost, for projects from $50,000 up to maximum loan amount of $350,000
  • 100% of total project cost, for projects less than $50,000
  • 100% of total project cost, for quality child-care projects up to maximum loan amount of $350,000

Interest Rate

Negotiated with regional agency, usually below market. List of agencies below.

Loan Term

Up to 20 years, depending on assets being financed.


Assets being financed and other collateral, as required.


Fees are set by each agency.

How to Apply

Applications are provided by each agency. Please contact the agency covering your area for information and applications.

The agency reviews, underwrites, and notifies borrower of final loan determination.

View Participating Agencies

Androscoggin Valley Council of Governments (AVCOG)
125 Manley Road
Auburn, ME 04210

Bangor Airport Civic Development Corporation
73 Harlow Street
Bangor, ME 04401

Caribou Chamber of Commerce & Industry
c/o NMDC
PO Box 779
Caribou, ME 04736

Coastal Enterprises, Inc.
30 Federal Street
Brunswick, ME 04011

Community Concepts Inc.
240 Bates Street
Lewiston, ME 04240

Eastern Maine Development Corporation
40 Harlow Street
Bangor, Maine 04401

Town of Fort Kent
416 West Main Street
Fort Kent, ME 04743

Greater Portland Council of Governments
970 Baxter Boulevard, Suite 21
Portland, ME 04103

Kennebec Valley Council of Governments
17 Main Street
Fairfield, ME 04937

Lewiston Auburn Economic Growth Council (LAEGC) at the LA Metro Chamber of Commerce
415 Lisbon Street, Suite 1
Lewiston, ME 04243

Town of Lisbon
300 Lisbon Street
Lisbon, ME 04250

Town of Lubec
40 School Street
Lubec, ME 045652

Maine Stream Finance
262 Harlow Street, PO Box 1162
Bangor, ME 04402

Midcoast Council of Governments
165 Main Street, Suite 2F
PO Box 62
Damariscotta, ME 04543

Northern Maine Development Commission
PO Box 779
Caribou, ME 04736

City of Portland
389 Congress Street
Portland, ME 04101

City of Presque Isle
12 Second Street
Presque Isle, ME 04769

Somerset Economic Development Corporation
41 Court Street
Skowhegan, ME 04976

Southern Maine Finance Agency
20 Pomerleau Street, Suite 400
Biddeford, ME 04005

Sunrise County Economic Council
7 Ames Way
Machias, ME 04654

Washington Hancock Community Agency
248 Bucksport Road
Ellsworth, ME 04605

Requisition Form

Download the form for participating agencies.