The Harold Alfond Foundation and the Finance Authority of Maine (FAME) have announced the first cycle of Alfond Leader awardees, who collectively will be awarded up to $685,000 in student loan debt relief. The competitive program provides student loan repayment assistance to people who live and work in Maine in a Science, Technology, Engineering and Math (STEM)- designated occupation at a Maine-based employer. The selected Alfond Leaders may receive up to half of their outstanding student loan balance, not to exceed $60,000, as a loan repayment on their outstanding student loans.
For the third year in a row, the Finance Authority of Maine (FAME) has been named as one of the Best Places to Work in Maine. The awards program, created in 2006, is a project of the Society for Human Resource Management–Maine State Council and Best Companies Group. Partners endorsing the program include: Mainebiz, the… Learn more »
FAME approves loan insurance for Dubba, LLC for land purchase and construction of new boat manufacturing and maintenance facility located at 101 Front Street, Belfast. The company has plans to engage in new technology and enter new markets as it expands. The proposed expansion is expected to create forty new jobs and retain an additional eighty-four jobs.
Beginning April 1, 2017, FAME lender partners can opt for up to $750,000 in loan insurance through FAME’s OnLine Answer (OLA). Lenders can process applications for loan insurance on OLA, FAME’s secure web application, and receive a decision in seconds. This expansion allows lenders to use the OLA system instead of applying for larger exposure loans through FAME’s traditional paper application. This is the fourth and largest loan insurance enhancement FAME has launched in the past six months in response to extensive customer feedback actively sought by the agency.