Maine PTAC Maine DBE

Loan Products

We help you finance the next step in your business’s path to success by collaborating with partners including the U.S. Small Business Administration (SBA), U.S. Economic Development Administration (EDA), Finance Authority of Maine (FAME) and local financial institutions. Through individualized advising, our lending team helps you prepare for the application process, and provides servicing through the life of the loan.

EMDC Direct Loans

Funding available to both existing and start-up businesses.
Uses include real estate, equipment, renovations, expansions, working capital and more.
Bank participation or stand-alone.
No prepayment penalty.

U.S. Small Business Administration Loans

SBA 504 Loans:
- Loans up to $5,500,000.
- Done in partnership with a bank.
- Typically, bank funds 50% of the project, SBA 504 loan (through EMDC) funds 40% and borrower provides 10%.
- Uses include real estate and equipment.
- Loan term up to 25 years for real estate, 10 years for equipment.
- Fixed rate.
- No prepayment penalty after half of the loan term has expired.
SBA 7a Community Advantage Loans:
- Loans up to $250,000.
- For working capital, inventory, purchase of real estate and equipment, property improvements.
- Term 10 years or less, no prepayment penalty.
- Fixed rate.
- Term of more than 10 years, prepayment penalty ends after first three years.