COVID-19 Relief Loan Program Resources for Maine Lenders
These resources are to help Maine lenders (banks and credit unions) support Maine people and businesses impacted by COVID-19. We sincerely appreciate your partnership in these challenging times and encourage you to reach out to us if we can be of further assistance.
COMMERCIAL LOAN INSURANCE FOR LENDERS COVID-19 Relief Lender Insurance Program provides commercial loan insurance of 50-75% to lenders who make loans to Maine businesses experiencing interruption or hardship due to COVID-19. You will need to use FAME’s Online Answer (OLA) platform to apply for this commercial loan insurance. Log into your OLA account here.
The Maine Department of Economic and Community Development has compiled a resource guide of federal and state assistance for businesses impacted by COVID-19.
FAME Business Programs: How FAME Works for Maine Lenders and Businesses
In this webinar, FAME Director of Business Programs Jennifer Cummings reviews the various business financing programs FAME offers for Maine lenders, including direct loan programs and commercial loan insurance. Jenn discusses how lenders & businesses can utilize these programs, what programs are best suited for specific situations, and answers questions from attendees.
We help you get to yes!
You work hard to help your customers access the capital they need to thrive and grow. FAME’s loan insurance program was created to help you make business loans by reducing your risk.