In 1994, Shawn Spencer was struggling to make his ground-breaking industrial coatings machine design into a viable business. All he lacked was the capital to purchase the necessary materials to build his equipment. “SMFA and Will were instrumental in getting the company off the ground. I don’t know if we would exist without them to be honest. We had exhausted other avenues,” says Shawn. He goes on to explain that what they do is very difficult to explain or understand for the lay person. “I would present my business plan to banks, and they would look at me with total…

We are at an enormously exciting point in the history of the Southern Maine Finance Agency. Reaching our 30th year as an organization is clearly a significant milestone, and we have many achievements to be proud of. SMFA has succeeded in bringing focus and expertise to a narrow, niche market – providing gap financing to commercial enterprises. These businesses range from very small startups to established businesses seeking to grow and expand. We work with a variety of sources of funds, and a network of local banks. With these unique relationships, and many loan options to offer clients, we can…