We now offer SBA 504 Loans! Low Rates - Up to 90% Financing
Biddeford, ME 207-282-1748

Meet the Staff

Will Armitage

President

Will currently serves as the Vice-Chair of the Sanford Regional Economic Growth Council and has served as an officer/chair of the Economic Development Council of Maine, Pine Tree State Certified Development Corporation, and York County Community College Foundation boards of directors. Additionally, Will has served on the Federal Reserve Bank of Boston’s Community Development Advisory Council, as well as other local community committees and was elected to the Falmouth Town Council for two terms. He is a graduate of the Leadership Maine Program and a recipient of the Finance Authority of Maine Dirigo Award.

Will joined the Southern Maine Finance Agency (formerly Biddeford Saco Area Economic Development Corporation), in February of 1996 and is responsible for the overall management/administration and operation of the corporation and its staff; including loan program administration, portfolio management, marketing, business development, strategic planning, financial and budget management and grant administration as well as development of new finance programs. Prior to joining the agency, Mr. Armitage was the commercial loan officer for the Lewiston-Auburn Economic Growth Council serving the Cities of Lewiston and Auburn and held various positions with the Retail Banking Department of Casco Northern Bank, then Bank of Boston. He has served as an instructor for the Economic Development Council of Maine and Grant Management Systems, given lectures on Economic Development Financing at the Muskie School at the University of Maine and participated in seminars in Biddeford-Saco and York County.

  • Masters in Public Policy & Management – University of Southern Maine, Edmund S. Muskie School of Public Service, May, 2001
  • BA – Economic & Management – Beloit College, May, 1990
  • Economic Development Finance Professional Certification – National Development Council, August, 1998

Troy Hendrickson

Portfolio Manager

Troy joined the staff of Southern Maine Finance Agency in 2019. He has worked in financial services for 17 years, beginning his banking career as a Relationship Associate with KeyBank. Before joining SMFA, he was a Business Banker at Gorham Savings Bank. Troy takes pride in delivering exceptional service to his clients. 

Troy served on the board of directors for the Scarborough Community Chamber of Commerce, Vice-Chair of the 55+ Programs for the Town of Scarborough, advisory board member of Money Minders, and was past “distinguished President” of Scarborough Kiwanis. Troy is also a Notary Public in the State of Maine. 

Troy is bilingual speaking French and spent a semester abroad in France and hopes to return to France in the future. Troy is currently working on obtaining his Economic Development Finance Professional Certification with The National Development Council. 

  • BA – French – University of Southern Maine, candidate
  • Economic Development Finance Professional Certification – National Development Council, candidate