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FAME News

FAME Launches Online Tool for Student Loan Borrowers

FAME’s Private Loan Repayment Counseling Tool is the first of its kind and provides borrowers with important strategies for tracking their loans and managing payments, as well as important tips on budgeting and saving.

FAME Approves Financing for Thompson’s Point Project

The Finance Authority of Maine (FAME) recently approved a $500,000 direct loan to Forefront Brick South, LLC to help finance property improvements and working capital related to the redevelopment of a vacant building into an events center at Thompson’s Point in Portland.

FAME Celebrates Another Successful Year at Annual Dinner

FAME’s annual celebration of its successful partnerships within Maine business, lending, and higher education communities featured a reception, exhibits by Maine business and education organizations that partner with FAME, a dinner and awards presentation, and a keynote speech by award-winning poet and part-time Maine resident Richard Blanco.

FAME Announces Improved Loan Insurance Options

Beginning November 1, 2016, FAME lender customers can opt to use: •NEW 3- and 5-year fee options for term loan insurance; •New 3-year fee option for line of credit loan insurance; •Leveraged insurance in the OnLine Answer (OLA) application process.

FAME to Celebrate Another Year of Successful Partnerships on November 17th

The Finance Authority of Maine (FAME) will celebrate another year of successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, on Thursday, November 17, 2016, beginning at 4:30 p.m. Inaugural poet Richard Blanco is this year’s guest speaker.

FAME Board Visits Androscoggin County Businesses and Schools

The Board of Directors of FAME visited an eleventh-generation dairy farm, the state’s largest food bank, local restaurants, area businesses, and a higher education institution recently in Androscoggin County to learn about their successes, needs and future plans.

FAME Declares Major Statewide Education Initiative

Portland Mayor Ethan Strimling, the Superintendent of Portland Public Schools Xavier Botana, and Ben Gilman, Senior Government Relations Specialist at Maine State Chamber of Commerce joined Finance Authority of Maine (FAME) CEO Bruce Wagner to announce a major statewide effort called Invest in ME 2030. This new effort is intended to have a lasting impact on the economic future of the state of Maine. The announcement was made during an education rally at Portland’s Deering High School with students…

FAME to Award $16,000 in Scholarship Prizes

Winners will be randomly selected from each of the 16 Counties of Maine AUGUSTA, MAINE — September 30, 2016 — The Finance Authority of Maine (FAME) announced today that it will award 16 $1,000 Scholarship Prizes to be contributed to 16 NextGen 529 plan accounts, selecting one random winner from each of the 16 counties of Maine. The Invest in ME sweepstakes begins on October 1, 2016 and ends on December 29, 2016.