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

6.52%

20-Year Term

6.49%

10-Year Term

Success Stories

Hyperlite Mountain Gear

Less is More When Mike St Pierre despaired of finding a backpack and tent that wouldn’t weigh him down as he escaped from the kitchen to New York’s Adirondacks, he did what every self-respecting high-end chef would do; he whipped up his own. Working in his Brooklyn apartment on his mom and grandma’s sewing machines, he experimented with materials, bonding and sewing to come up with backpacks and tents that were infinitely better than he could find in the marketplace. At half the weight or better, and waterproof, the material he settled on, Dyneema, was unforgiving, but made from fibers…

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