The members of the Board of the Finance Authority of Maine (FAME) will meet at 9:00 a.m. on Thursday, February 16, 2023. This will be an online meeting via Zoom only. Members of the public can participate by conference call. As of February 3, 2023 action items to be considered are as follows (1) Loan Request- MAC Financial, LLC. (Economic Recovery Loan Program); (2) Loan Insurance Request- Kingfish Maine, Inc. (Commercial Loan Insurance Program); (3) Loan Insurance Change Request- Springworks Farm Maine, Inc. (Commercial Loan Insurance Program); old and new business. For further information on this meeting or to obtain Zoom/conference call information, contact Summer Knowlton, Legal/HR Assistant, at (207) 620-3549.
- Affording Higher Education
- Make a Plan
- Planning by Age
- Planning Tips For …
- Resources For …
- Financial Wellness
- Start to Save
- Pay for School
- Getting Financial Aid
- Free Community College
- Maine Scholarship Search
- Maine Grant and Tuition Programs
- Borrowing Student Loans
- Repaying Student Loans
- Education Tax Benefits
- Resources and Tools
- Business Financing
- For Business Owners
- Business Roadmap
- FAME Financing Programs
- Direct Loan Programs
- FAME Direct Loan
- Agricultural Loans
- Compliance Assistance Loan Program
- Hospital System Loan Fund Program
- Regional Economic Development Revolving Loan Program
- Maine Rural Development Authority
- Linked Investment Program for Commercial Enterprises
- Bond Programs
- Equity Capital and Tax Credits
- Direct Loan Programs
- Resources for Business Owners
- For Lenders
- For Investors
- Financial Wellness
- Build Your Personal Financial Wellness
- Build Your Student’s Financial Wellness
- Build Your Employees’ Financial Wellness
- FAFSA FAQs
- Win a Scholarship
There is money available to help pay for school. Begin by filing the FAFSA.
Make a Plan
Making a plan for saving is the first step towards making education after high school a reality.
Start to Save
Saving now will put you in a better position to pay for education after high school later.
Pay for School
Paying for education after high school usually comes from a variety of sources.
There are things you can do at every stage to prepare for higher education.
FAME provides specific resources for New Mainers, Adult Students, Military Families and Veterans, and Employers.
Learn more about managing your finances and improving your financial health.
Resources for Educators to help serve students and families.
There are many ways to save for college. Learn more about options that may work for you.
A great way to help your child save for college. NextGen 529 is Maine’s section 529 plan which many Maine families use to save for college.
It can be hard to find money in your budget for college savings. These tips will help you find ways to save money.
There’s money available to help pay for college. Learn more about applying for financial aid and filing the FAFSA.
If you’re a Maine student who earned (or will earn) a high school diploma or equivalent in 2020, 2021, 2022, or 2023, you can attend Maine community college tuition free, but you’ll need to file the FAFSA. The same will be true for classes of 2024 & 2025.
Scholarships provide free money to pay for college. Start your search for Maine scholarships here.
Use FAME’s Resources & Tools to help you afford higher education.
For Business Owners
For nearly 40 years FAME has helped Maine people reach their business goals.
FAME helps Maine lenders and their customers get to "yes."
FAME encourages investments in Maine businesses, both directly and through private venture capital funds.
FAME’s commercial loan insurance program helps lenders make business loans by reducing risk.
When traditional loans are not the solution, FAME’s business loans may be the answer.
Learn about key steps in the business planning and financing process.
Whether you’re starting a business or seeking financing for an existing one, learn about key steps in the business planning and financing process.
When traditional loans aren’t an option for your business, FAME’s financing programs may be the answer.
A collection of resources to help you plan and build your business.
FAME’s commercial loan insurance insures a portion of loans made through participating financial institutions.
Quick access to the OLA log in page for existing OLA users.
Miss out on a webinar? Find recordings and resources for FAME Business Webinars here.
Quick link to FAME fees and rates for lender programs.
Provides tax credits to investors in community development entities that reinvest in businesses located in low-income Maine communities.
Encourages investments in small businesses by providing credits to outside passive investors.
Powered by iGrad® and Enrich®, FAME offers free online financial education to support Maine people during high school, college, and beyond.
Build Your Financial Wellness
Free resources to guide you on your path toward financial freedom.
Grow Your Student or Child's Financial Wellness
Tools to help you support youth financial capability.
Invest in Your Employees’ Financial Wellness
Resources to help your employees improve their financial well-being.
Our free toolkit can be used by anyone interested in launching a Financial Literacy social media campaign.
Improving employees’ financial wellness helps improve productivity and satisfaction. Assistance available to help you create a win-win program.
An interactive program that encourages high school students to explore the return on investment of various career pathways and financial decision-making.
Setting goals, creating a budget, managing debt and credit, and MORE! All great steps to help you become financially capable.
FAME provides free financial wellness programs to help Maine people become more financially capable.
Free Webinars to learn more about preparing for and paying for higher education, including refinancing student loan debt.
Use Invest in ME Reads Program or the Ca$h & Max workbooks to start conversations about money with younger students.
Play Claim Your Future – career & budget game or use iGrad Online Financial Education with your students, and more…
FAME has developed extensive resources for educators and professionals who support financial education in their school or community.