• 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. Maximum loan size: $35,000. Interest rate based on prime, fixed for the life of the loan.

• Business loans: EMDC has loan funds available to assist healthy, growing businesses with special financing needs to create job opportunities and to stimulate the economic activity in rural communities. They can finance up to 50% of project costs. Other lender participation is required. Interest rates are fixed, based on prime. Up to 20-year term. EMDC's security interest may be subordinated to other lenders to secure financing.
• SBA 504 loans: Provides businesses with long-term, fixed rate financing for major fixed assets, including land, buildings, machinery and equipment. Maximum loan size of $2,000,000 ($4,000,000 for manufacturing firms). Bank participation is required. Equity requirements generally as low as 10%.

To learn more about EMDC's loan programs, please contact the EMDC Lending Department by calling 207-942-6389 or 1-800-339-6389. Or send an email to ramsden@emdc.org.

Also, more information on business financing as well as other services available at EMDC can be found at www.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.