We now offer SBA 504 Loans! Low Rates - Up to 90% Financing
Biddeford, ME 207-282-1748

SBA Loans

SBA Loans

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Business Financing

Business Financing

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Counseling

Counseling

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Applications

Applications

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Helping Maine businesses get the financing they need.

The Southern Maine Finance Agency (SMFA), formerly known as the Biddeford Saco Area Economic Development Corporation (BSAEDC), promotes sustainable economic prosperity though regional business lending. We work collaboratively with communities, financial institutions and local, regional, state and federal organizations to offer a variety of financing options and support to Maine businesses.

SMFA helps businesses, large and small, by providing gap financing for projects that require cash, fixed asset financing, start-up/working capital and real estate acquisitions and development. We now offer SBA 504 Loans, further enhancing our loan options for clients.

We offer patient, flexible financing that a traditional bank loan would not be able to offer a business.”

~~ Will Armitage, SMFA President
Kate Nelligan
Kate Nelligan, Kate Nelligan Designs

Celebrating 30 Years!

Current SBA 504 Loan Interest Rates

6.49%

25-Year Term

6.51%

20-Year Term

6.38%

10-Year Term

Success Stories

Ruben Zavaleta’s Journey and the Growth of Guerrero Maya Restaurant

Ruben Zavaleta's journey from a small town between Mexico City and Acapulco to becoming a successful restaurateur in Maine is a testament to his dedication, vision, and entrepreneurial spirit. After attending high school in Atlanta, Ruben moved through North Carolina and Connecticut, gaining valuable experience in the restaurant industry. In 2015, he settled in Maine and opened Guerrero Maya in South Portland, bringing authentic Mexican cuisine to the community. From the beginning, Ruben has always been passionate about working in restaurants. While in Connecticut, he was part of a partnership and owned a restaurant which he eventually sold to move…

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