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; the Maine Rural Development Authority; and the Kim Wallace Adaptive Equipment Loan Program board.
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.
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.
mPower Loans (Kim Wallace Adaptive Equipment Loan Program) provide funding to individuals and businesses to promote mobility, independence and accessibility.
The Regional Economic Development Revolving Loan Program provides loans through Maine’s regional economic development agencies for the purpose of creating or retaining jobs.
State Small Business Credit Initiatives provides financing through multiple state programs to help small Maine businesses grow.
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.