Intermediary Relending Program (Maine)
Last modified on February 12, 2015.
|Applies to States or Provinces||Maine|
|Name||Intermediary Relending Program (Maine)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Finance Authority of Maine (FAME)|
|Primary Website|| http://www.famemaine.com/files/Pages/business/businesses/direct_loans/Intermediary_Relending.aspx
|Last Review|| 2014-09-15
The Intermediary Relending Program assists small businesses by providing subordinate financing for certain businesses activities. The loan will not exceed 75% of project costs, with the maximum loan amount being $150,000. The term depends on the type of activity financed. Machinery and equipment financing, for example, is repayable up to ten years.
|Department||Finance Authority of Maine|
|Address|| 5 Community Drive, P.O. Box 949, Augusta, ME