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. Yale