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FAME News
September 16, 2020
Invest in ME Reads is Coming!
The Finance Authority of Maine (FAME), in partnership with the Maine Office of Securities and the Consumer Financial Protection Bureau (CFPB), is excited to announce the launch of Invest in ME Reads, a new statewide program designed to support family financial education by sparking conversations about future goals, saving money, and the value of choice. The program was originally slated to launch in the spring of 2020, but due to COVID-19 school closures, the launch was rescheduled for this fall.
June 22, 2020
FAME Enhances Special Financing For Maine Businesses Affected By COVID-19
Improvements made to OLA loan limits and pro-rata insurance for existing debt refinancing for Maine businesses affected by COVID-19
May 15, 2020
$60,000 Student Loan Repayment Program Expands to Include New Graduates Heading into STEM Professions
Alfond Leaders Program Seeking More Applicants for Student Loan Debt Relief Funded by the Harold Alfond Foundation, the Maine program aims to stimulate economic growth in key industries by attracting and retaining STEM graduates and professionals The Harold Alfond Foundation and the Finance Authority of Maine (FAME) opened up and expanded a new application cycle […]
April 16, 2020
FAME Approves Financing for Medical Device Firm
Saco-based Maine Molecular Quality Controls, Inc. is growing and helping to battle the COVID-19 pandemic.
March 19, 2020
FAME Partners with SBA and Maine Lenders on COVID-19 Relief Loan Programs
Special loans and loan insurance now available for eligible Maine small businesses affected by COVID-19.
January 27, 2020
FAME and MRDA Approve Saddleback Financing
FAME approved leveraged loan insurance of 20% (or $2.5 million) on a $12.5 million loan by Arctaris Impact Investors, LP to Saddleback Community Loan Fund. FAME additionally approved a $1 million FAME Direct loan to Arctaris as part of the financing package, which totals $2.5 million.
January 16, 2020
New Year Brings New Matching Grants for Maine Residents!
Ushering in 2020, a new decade, and to celebrate the 20th Anniversary of NextGen 529, the Finance Authority of Maine (FAME) is announcing updated Grants for Maine residents.
November 27, 2019
FAME Celebrates Business and Education Successes at Showcase Maine Event
The Finance Authority of Maine (FAME) celebrated successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, which was held on Thursday, November 21, 2019, at Portland’s Holiday Inn By The Bay.
October 24, 2019
FAME Board Visits Central Maine Businesses and Schools
As part of its ongoing efforts to immerse itself in the community and learn more about the needs and successes of their customers and partners, the board of directors and staff of the Finance Authority of Maine (FAME) recently toured parts of Kennebec and Somerset Counties.
October 24, 2019
$60,000 Student Loan Repayment Program Helps Maine Recruit and Retain STEM Professionals
The Harold Alfond Foundation and the Finance Authority of Maine (FAME) opened another application cycle to provide student loan debt relief for Maine residents who are employed by a Maine-based business in the STEM-related fields of science, technology, engineering, and math. Applications are now being accepted through November 15, 2019.
