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


SBA Intermediary Lending Pilot Program

Eligible Applicants are Small Business concerns located within York County and are:

  • Organized for profit;
  • “Small” under the 7(a) business loan size requirements; OR
  • Have a Tangible Net Worth of LESS THAN $15,000,000, AND
  • Have LESS THAN $5,000,000 in Net Income after Federal Income Taxes for last 2 years.
  • Startup, newly established, or growing small business;
  • Unable to borrow requested funds at reasonable terms elsewhere;
  • Creditworthy and demonstrates reasonable assurance of repayment.

Fund Criteria

Maximum Loan Amount:       

$200,000 to a Borrower.

Eligible Activities: 

  • Working Capital
  • Materials & Supplies Acquisition
  • Real Estate (NOT acquired for sale, lease or investment)
  • Machinery & Equipment/Furniture and Fixtures Acquisition and Installation


Business Assets, real and personal,
Mortgages, commercial and personal,
Personal Guaranties and
Assignments of:  Life Insurance, Stock and Leases.


Negotiable based upon cash flow of business or life expectancy of assets financed (typically 10 years or less), not to exceed twenty-five (25) years.

Interest Rate: 

Loans of $50,000 or less – 8.75%;
Loans of $50,000 or more – 7.0%