Regional Economic Development Revolving Loan Program
This program is designed to make loans through Regional Economic Development Agencies for the purpose of creating or retaining jobs. FAME makes disbursements to Regional Economic Development Agencies and they make loans to eligible borrowers.
Use: Businesses that have sales under $5,000,000 or employ 50 or fewer employees, conducting business in the following categories: Advanced manufacturing technologies Advanced information systems Advanced biological/natural resource technologies Conversion from defense industry Significant export involvement (goods or services) Significant research and development Micro-businesses (under 5 employees) Quality childcare projects (administered by FAME)
Exposure: 1/3 of total project cost, up to a maximum loan amount of $200,000; 1/2 of total project cost, up to a maximum loan amount of $50,000.
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Midcoast Council of Governments
7 Park Street
Bath , ME 04530
207 / 443-5790
207 / 443-8675
[email protected]
www.mcbdp.org

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