The Southern Maine Finance Agency began as the Biddeford-Saco Area Economic Development Corporation, a non-profit partnership between the cities of Biddeford, Saco and the Biddeford Saco Chamber of Commerce and Industry in 1992. Today we are a regional Community Development Financial Institution and Certified Development Company serving York County and the State of Maine.
Our mission is to promote sustainable economic prosperity though regional business lending, targeting undeserved markets in Southern Maine. We work collaboratively with the communities, financial institutions and local, regional, state and federal organizations throughout York County to facilitate policies, projects and programs that will accommodate and capture new investments in Southern Maine.