Effective April 20, 2017, FAME is suspending the acceptance and processing of applications for loans from the Regional Economic Development Revolving Loan Program for Day Care due to lack of funds. Any applications for such funding received by FAME after April 20, 2017 will be returned without review. When and if funding becomes available, we will update the program information.
Quality Maine day care centers can use this loan to start up or make improvements.
Must be a licensed child care provider (or meet licensing standards) and utilize recognized quality indicators for child care services as approved by the Maine Department of Health and Human Services.
Up to $350,000 (If a portion of the project is for lead abatement, that portion may not exceed $15,000.)
Up to 20 years.
Assets being financed and additional collateral, as required.
1% commitment fee, plus all costs of closing.
Submit completed applications to FAME for review and final decision.
- Regional Economic Development Revolving Loan Day Care application
- Environmental Questionnaire
- Employment Plan
- Personal Financial Statement
For best results, please download .pdf forms locally, then open and complete them with Adobe Acrobat. If you don’t have Acrobat, you can download a free version of Adobe Acrobat Reader here. Save and print your completed forms, then mail to FAME.