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

Current SBA 504 Loan Interest Rates

4.13%

25-Year Term

3.92%

20-Year Term

3.74%

10-Year Term

Success Stories

The Sellam Circus School

When an international circus performer and a girl entranced with the circus since age 8 got married, it seemed natural that they would base their new Sellam Circus School in her home state of Maine. In the summer of 2015, Amity Stoddard and Sellam El Ouahabi founded the Sellam Circus School and launched their Maine Coast Summer Circus Arts day camp program. This includes a summer camp for circus arts inside a traveling big top tent, as well as weekend performances by students and professionals. The circus played throughout coastal Maine including the towns of Biddeford, Rockport and Bar Harbor.…

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Sellam Circus