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.
FAME Direct Loan (formerly Economic Recovery Loan Program or ERLP) provides access to operating capital for start-ups and existing businesses for most business purposes. In the webinar below, FAME’s Charlie Emmons provides an overview of the FAME Direct Loan program and its benefits followed by real-world scenarios that demonstrate how the FAME Direct Loan can be used in a variety of situations to help you get deals to “yes!”
FAME Direct Loan: Flexibility to Get Your Deals to “Yes!”
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.
The Regional Economic Development Revolving Loan Program provides loans through Maine’s regional economic development agencies for the purpose of creating or retaining jobs.
The Maine Rural Development Authority provides financing to revitalize communities by transforming abandoned and underutilized commercial spaces.
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.