Small Business Lending:
MaineStream Finance is
pleased to offer small and
micro business loans to help start up and existing
small and micro
businesses meet their financing needs:
Micro Business Loans
- Amount:
Up to $50,000
- Term: Up
to 20 years
- Purpose:
Eligible uses of loan funds –
-
- Purchase of inventory, equipment, computers or real
estate
- Upgrade of existing
equipment
- Building renovation &
improvements
- Rates:
6% to 10%
- Eligibility:
Borrowers need to have the following –
-
- 10 or fewer employees
- A complete Business Plan
- If you do not have a Plan, we offer classes to get you
started! Please see information on business education classes
below.
Need more
information? Please contact: Jayne
Crosby Giles, CEO & Loan Officer at 973-3663. OR,
email: jgiles@penquis.org
If
a loan request exceeds our loan limit or does not meet a qualification for funding, we
actively partner with other community development organizations that may be of service for that particular loan
request.
For small business start ups, we recommend participation
in MaineStream Finance’s business
education classes and workshops such as "Business 101" and “Incubator Without Walls Program (IWW). The
workshop is free and is offered in Penobscot, Piscataquis, Waldo, and Knox County.
For more information regarding IWW, click here for Business Assistance or contact James Macomber, Microenterprise Consultant 564-7116 or
974-2476
We are currently updating our web site, but please
feel free to contact us for questions and/or services.
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