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

5.96%

25-Year Term

5.98%

20-Year Term

5.76%

10-Year Term

Success Stories

Lucky Pigeon Brewing

Lucky Pigeon Brewing, founded by Kathleen Pigeon and three other owners in August 2021, is a brewery that specializes in gluten-free beer. They developed gluten-free beer as Kathleen became gluten intolerant and wanted to find a way to continue to enjoy good beer. What was out there was boring, not very good, and offered few options. "We settled in Biddeford because we kept hearing about the revitalization of the downtown area," says Kathleen. "The energy here is tangible. You can tell there is something special happening in this town." "We had a business plan developed and went to a couple…

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