Food and Farm Business Help

MaineStream Finance (MSF), a Community Development Financial Institution (CDFI) and subsidiary of Penquis, has launched a new business assistance program: Healthy Foods Options.  The service is designed for rural microbusinesses involved in the growing, production and distribution of healthy foods.  Our goal is to assist microbusiness owners that want to expand into new food markets.  Local communities will benefit with increased access to healthy foods for rural and low-income families.  Plus, the increased access to healthier, locally produced foods will help sustain rural communities and grow local economies.
Lending Overview

•Loan Amount:Up to $50,000
•Term: 1 to 10 years
•Eligible Borrowers:       
    o Maine-based businesses with 10 or fewer full-time employees
    o Growers, producers or small retailers  
    o Borrowers seeking to add healthy-related foods to their product line(s)
•Loan Purpose:  Loans may be used for a variety of purposes that improve and/or increase the capacity to produce and market healthy food products.  This includes:
    o Inventory
    o Working Capital
    o Advertising
    o Store shelving
    o Freezers and coolers
    o Building renovations and retrofit

Technical Assistance

MaineStream Finance provides business technical assistance to help farmers, food producers, and convenience stores expand and grow into the healthy foods markets.  Assistance includes:
•Business Plans
•Sales and Marketing
•Loan Preparation
•Start ups and expansions

Need more information?  Call:  (207) 973-3663