FAME is offering special terms to eligible Maine businesses that have experienced interruption or hardship due to COVID-19.
Various programs include:
- Direct loans up to $50,000 offered at reduced interest rates;
- Commercial loan insurance for Maine lenders of up to 75% on loans up to $100,000; and
- Direct loans of up to $100,000 with special terms available to eligible borrowers who provide proof of commitment for SBA financing.