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
Biddeford’s Pepperell Mill Campus is one of the premier redeveloped mill complexes in New England. Almost 150 businesses and over 100 residents call this sixteen-building campus home. Doug Sanford credits Southern Maine Finance Agency (SMFA) with facilitating financing with local banks and Southern Maine Planning & Development Commission to push this redevelopment project forward. “SMFA worked with us through every phase of this project to collaborate with bankers and SMPDC to get us the funding we needed to keep our development on schedule. They can be credited with providing critical financing that contributed to the success of this mill redevelopment…Read the full story...