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Biddeford, ME 207-282-1748

Category: Success Stories

Precision Transmission & Auto Care

Precision Transmission opened its state-of-the-art transmission and drive train repair facility in Wells in 2003. Owner David Roy credits Southern Maine Finance Agency (SMFA) with assisting in making his business start-up possible: “Partnering with the SMFA has had many benefits. They helped me realize my business start-up plans by securing the financing needed in a timely manner.”

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

Yale Cordage

Yale Cordage, Inc. is a manufacturer of synthetic rope for the pleasure marine, industrial, utility and oceanographic markets.  The company purchased a vacant building in the Biddeford Industrial Park in 1997 and then relocated to a new facility in the Saco Industrial Park in 2000.  Southern Maine Finance Agency (SMFA) worked with Yale Cordage to structure a financing package for both real estate acquisitions to reduce their annual debt service. “Everything came together here.  SMFA came charging to the table and lined up all the elements for us very quickly–financing, labor force issues…they certainly made it easy.” Tom L. YaleRetired PresidentYale CordageSaco,…

Transparent Audio, Inc.

Transparent Audio, Inc. (TA) was established in 1981 as a marketing and distribution company for high-end Norwegian electronics. Today, TA manufactures and sells Transparent Cables and Well Tempered Turntables worldwide.  TA is a high-end manufacturer of products whose fit and finish is recognized as the best in their industry.  TA approached the City of Saco and Southern Maine Finance Agency to provide a financing package that would meet their financing needs for their expansion and relocation, which was completed in 1998. “When we were ready to build, location was very important. It’s beautiful here, with trees and space. As an international business, it's important…
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