New revolving loan program helps Maine dairy farms and enterprises fund capital improvements to maintain and enhance the viability of their businesses.
FAME has approved 90% loan insurance on a loan by TD Bank totaling $944,000 to Maibec USA LLC. Funds will be used for the purchase of a feed conveyor deck and de-barker machine for mill operations in the town of Masardis. The venture is expected to help retain 145 Maine jobs and bring operational efficiencies to the mill.
Financial Literacy Month is in full swing at the Finance Authority of Maine (FAME). Throughout the month of April, FAME’s College Access and Financial Education Team will be offering a variety of statewide initiatives and educational workshops intended to promote the importance of financial education to Maine citizens.
The Finance Authority of Maine celebrated another year of successful partnerships with Maine’s business, lending, governmental, and higher education communities at its annual event, “Showcase Maine.” The evening featured a reception, including a showcase of exhibits by Maine businesses and educational organizations that partner with FAME; a dinner and awards presentation; and a keynote speech by former United States Senator George Mitchell.