Business Finance
EMDC provided more than $1.3 million dollars in capital to local small businesses in the first half of 2012! Contact us to learn how we can help your small business grow.
Whether you need to fund a startup, expansion, equipment, working capital, or real estate, we offer resources to enhance your access to capital.
EMDC's role as a secondary lender is to work with banks and other private and public funding groups to leverage the capital available to small businesses.
Three types of business loans:
Microloans: Small businesses who demonstrate the ability to be successful but cannot access bank financing may qualify for a Microloan for start-up, expansion or working capital needs.
Business Loans: EMDC has several secondary loan funds to finance a wide variety of business needs, including equipment, real estate and working capital. You will find our terms flexible and rates fixed for the life of the loan.
Community Advantage 7a: Community Advantage 7a loan program offers a streamlined, two page application process and approval decisions within 5 to 7 days. Community Advantage 7a loans are available for amounts up to $250,000.
SBA 504: Are you planning an expansion? Your business can benefit from attractive, fixed rate financing through the SBA 504 debenture program. With 504, you can get long-term, fixed rate financing at a reasonable rate, with typically 10% in.
Packaging
EMDC can help locate appropriate financing from other sources, including Maine's Department of Economic and Community Development and the Finance Authority of Maine.
For more information
(207)942-6389
1-800-339-6389
Contact email: ramsden@emdc.org
EMDC is an Equal Opportunity Lender, and prohibits discrimination in its programs on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, and marital or family status. Discrimination is prohibited by Federal Law.Complaints of discrimination may be filed with the USDA, Director, Office of Civil Rights, Washington, D.C. 20250.
Micro Loans
Small Business Administration Microloan ProgramBusiness Loans
Tax Increment Financing
Mobilize Eastern Maine is a needed, new, collaborative, bottom-up approach to community and economic development that will help Maine grow and prosper now and in years to come.
Mobilize Eastern Maine is a fresh approach to community and economic development that builds on indigenous strengths and authentic assets of Maine's people, places, and businesses.