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Category: Success Stories

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…