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

SBA Loans

SBA Loans

LEARN MORE

Business Financing

Business Financing

LEARN MORE

Counseling

Counseling

LEARN MORE

Applications

Applications

LEARN MORE

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

Possum Hollow Farm Soaps

Organic and environmentally responsive soaps and skincare. When Robin and Jim Bedford started making soap as part of their family business, they determined to make it the best they could utilizing natural ingredients and being environmentally conscious. When their son Derek and Jennifer were married, soaps were the wedding favors. Derek and then Jennifer joined the business sometime after, determined to further develop the soap business. The business began in the Lehigh Valley of Pennsylvania and the name Possum Hollow Farm Soap came about because there was a possum hollow behind the family farmhouse. While in Pennsylvania, Derek and Jennifer…

Read the full story...
Possum Hollow Farm Soaps