October 29, 2021
The Finance Authority of Maine is seeking proposals for a digital lending portal for the State of Maine that will help bring together program information, loan content management and support for secondary funding allocation for American Rescue Plan Act financing. The patchwork of organizations challenged to meet the financing needs of Maine’s business community have numerous business assistance programs. The plethora of programs also represent a point of frustration for business customers looking for the capital they need to grow or preserve businesses. Customers have repeatedly spoken about the difficulty of finding the best program/partner and the excessive time to funding and lack of collaboration in sharing of information among these alternative lenders. The purpose of this project is to provide a digital lending portal for the State of Maine (MeLendPort) that will help improve these disparate systems.