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
Lucky Pigeon Brewing, founded by Kathleen Pigeon and three other owners in August 2021, is a brewery that specializes in gluten-free beer. They developed gluten-free beer as Kathleen became gluten intolerant and wanted to find a way to continue to enjoy good beer. What was out there was boring, not very good, and offered few options. "We settled in Biddeford because we kept hearing about the revitalization of the downtown area," says Kathleen. "The energy here is tangible. You can tell there is something special happening in this town." "We had a business plan developed and went to a couple…Read the full story...