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ME
Finance Authority of Maine (FAME) – Business Loan Insurance & Direct Lending for Manufacturers
FAME's Business Loan Insurance Program reduces risk for lenders financing Maine manufacturers; FAME can insure up to 90% of qualifying commercial loans; also provides direct business lending for Maine manufacturers and other businesses; manufacturing is an explicitly eligible sector; Augusta-based with statewide lending.
About this program
Visit the program website for full details.
Eligibility
Maine-based manufacturers and other small to mid-sized businesses seeking commercial financing; FAME loan insurance works through conventional lenders; direct lending available for qualifying projects; manufacturing and aquaculture explicitly mentioned as primary eligible sectors.
Requirements
- Maine-based manufacturing business
- Work with a conventional lender who applies for FAME Business Loan Insurance
- Or apply for FAME direct lending at famemaine.com