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FAME News
March 23, 2015
FAME Approves Financing for Redzone Wireless
At its March 19, 2015 meeting, the Board of Directors of FAME approved 90% loan insurance on a $4 million loan by Camden National Bank to Redzone Wireless, LLC (“Redzone”), which is located in Camden. The financing will be used for capital for the company’s start-up operations. FAME’s action is expected to help spur development […]
February 09, 2015
New Financial Literacy Program Available to all Maine High School Students
SALT™, an innovative online program designed to empower students to confidently manage their money and build financial skills for life, is now available to all 55,000 Maine high school students across the state.
November 18, 2014
FAME Celebrates Successful Partnerships
FAME celebrated another year of successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, which was held on November 13, 2014, at Portland’s Holiday Inn By The Bay.
November 18, 2014
FAME Elects New Officers and Approves Loan for Lincoln Mill
The FAME Board approved financing for two Maine businesses involved in the natural resources sector: North Atlantic, Inc. and Lincoln Paper & Tissue, LLC.
October 09, 2014
Statewide Expansion of SALT
FAME is pleased to announce a statewide expansion of the SALT program in Maine. Created by American Student Assistance, SALT is an innovative program designed to empower college students and alumni to confidently approach, manage, and pay back their student loans while gaining financial skills for life.
October 06, 2014
Financial Education Default Prevention
FAME continues to maintain impressively low cohort default rates for Maine student loan borrowers. According to the U.S. Department of Education, FAME’s federal Fiscal Year 2011 three-year cohort default rate was 7.1 percent of borrowers.
