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

Shields Meats and Produce

Shields Meats and Produce, Inc. has been doing business in Kennebunk, Maine since 1923. In 2004, Shields added a line of hot dogs to meet market demands and needed additional financing. Southern Maine Finance Agency (SMFA) assisted the company with funding to facilitate this growth. “We determined that SMFA would be a great option for our financing needs. They really listened to our needs and matched us with the correct loan.” Dean and Greg ShieldsOwnersShields MeatsKennebunk, Maine

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