Economic Development Administration Revolving Loan

This program, sponsored by the U.S. Economic Development Administration, assists existing or start-up businesses with special financing needs. Its objective is to create job opportunities and stimulate economic activity in rural communities.

  • Up to $150,000
  • Up to 50% of project costs
  • Up to Wall Street prime rate, fixed
  • Up to 20-year term

EMDC administers the EDA RLF to businesses in Hancock, Knox, Penobscot, Piscataquis, Waldo, and Washington Counties.

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If possible, please include a brief description of your project, along with the approximate loan amount requested. We look forward to working with you.