FAME Direct Loan Programs

FAME Direct
Loan Program
Direct Loan Interest RateFirst-Year Origination/ Commitment FeeAnnual Administration FeeApplication FeeLate Fee
FAME Direct Loan Prime + 2%, fixed at commitment1%N/AN/A5% of payment due
Regional Economic Development Revolving Loan Program for Day CareFixed at 5%1%N/AN/A5% of payment due
Compliance Assistance Loan ProgramFixed*1.5%0.75% of outstanding principal balance**N/A5% of payment due
* Varies based on ability to pay — no greater than Prime
** Payable over the second year and subsequent years

FAME Fiduciary Programs

FAME Fiduciary
Program
Direct Loan Interest RateFirst-Year Origination/ Commitment FeeAnnual Administration FeeApplication FeeLate Fee
Agricultural Marketing Loan FundFixed at 5% (or 2%***)1% only for loans >$100,000N/AN/A5% of payment due
Dairy Improvement Fund Fixed at 1%1% only for loans >$100,000N/AN/A5% of payment due
Potato Marketing Improvement Fund (PMIF) — New FacilityFederal prime rate but not greater than 5%1%N/AN/A5% of payment due
Potato Marketing Improvement Fund (PMIF) — Storage RetrofitFederal prime rate but not greater than 5%N/AN/AN/A5% of payment due
Potato Marketing Improvement Fund (PMIF) — Support FacilitiesFederal prime rate but not greater than 5%1%N/AN/A5% of payment due
Potato Marketing Improvement Fund (PMIF) — Value AddedFederal prime rate but not greater than 5%1%N/AN/A5% of payment due
Nutrient Management Loan ProgramFixed at 2%2%1% of principal balanceN/A5% of payment due
Maine Rural Development AuthorityUp to Prime + 2%, fixed at commitment1%N/AN/A5% of payment due
Linked Investment Program for AgricultureUp to 2% interest rate savings to borrowerN/AN/A$100 reservation fee (half may be refunded in limited cases)5% of payment due
Linked Investment Program for Commercial EnterprisesUp to 2% interest rate savings to borrowerN/AN/A$50 application fee5% of payment due
*** 2% if borrower has been awarded Maine Farms for the Future Grant