Business Financing

Dixfield Maine sawmill equipment operator

Small Corporate Offering Registration (SCOR)

allows a small business to raise up to $1,000,000 in a 12 month period through the sale of securities without registering with the U.S. Securities and Exchange Commission.


Maine Department of Professional and Financial Regulation
Office of Securities

Maine Venture Fund

provides up to $500,000 to businesses in almost all industrial sectors that demonstrate a potential for high growth and public benefit and that employ 50 or fewer people or have gross sales of $5,000,000 or less within the past 12 months. Eligible companies must match funds awarded from the Maine Venture Fund with other financing sources.


Maine Venture Fund

Major Business Expansion Bond Program 

provides long-term, credit-enhanced financing up to $25,000,000 at taxable bond rates for projects that create 50 or more jobs. Manufacturing expansion projects may be eligible for long-term, tax-exempt bond rates on bonds of up to $10,000,000.


Finance Authority of Maine
207-623-3263 or 1-800-228-3734

Municipal Securities Approval Program

encourages jobs creation through the expansion of the activities of 501(c)(3) organizations and manufacturers. This program provides borrowers with local access to tax-exempt bond financing and is ideally suited when the borrower proposes to arrange its own credit enhancement.


Finance Authority of Maine
207-623-3263 or 1-800-228-3734

Community Development Block Grant (CDBG) Program

is a source of gap financing for communities to assist businesses in creating and retaining quality jobs for Maine residents with low- and moderate-incomes. The funding guideline is $20,000 per job created or retained.  The maximum cost per job created/retained is $30,000 for a Certified Pine Tree Zone Business in a Designated Pine Tree Development Zone.

  • Development Loan Fund monies of up to $300,000 may be used for fixed asset investments or working capital.
  • Grants to Municipalities for Direct Business Support monies of up to $200,000 are available for fixed asset financing, including capital equipment, commercial or industrial buildings, fixtures or real property improvements.


Maine Department of Economic and Community Development
Office of Community Development

Economic Recovery Loan Program

provides gap financing to help businesses remain viable and/or improve productivity. The maximum loan amount is $200,000 and up to $1,000,000 if substantial public benefit can be demonstrated.


Finance Authority of Maine
207-623-3263 or 1-800-228-3734

Commercial Loan Insurance Program

insures a portion of a loan made by a financial institution thereby helping local businesses access commercial credit.


Finance Authority of Maine
207-623-3263 or 1-800-228-3734

Maine Technology Institute

supports Maine businesses’ early-stage research and development efforts leading to commercialization of new technology-related products and services through Business Innovation Programs, Cluster Innovative Program, and Maine Technology Asset Fund. Awards support products and services in Maine’s seven targeted technology areas:

  • Advanced Technologies for Forestry and Agriculture
  • Aquaculture and Marine Technology
  • Biotechnology
  • Composite Materials Technology
  • Environmental Technology
  • Information Technology
  • Precision Manufacturing Technology

MTI makes investments of up to $500,000 that are awarded on a competitive basis. All MTI awards require a one-to-one cash match and are based on scientific or technical merit, commercial feasibility, and positive economic impact on the state.


Maine Technology Institute

SBA 7(a) Loan Program

is the Small Business Administration’s primary and most flexible loan program with financing guaranteed for a variety of general business purposes.  It is designed for start-up and existing small businesses and is delivered through commercial lending institutions.


Small Business Administration (Maine District Office)

Private Financial Institutions in Oxford County

Androscoggin Bank

Bangor Savings Bank

Franklin Savings Bank

Key Bank of Maine

Northeast Bank

Norway Savings Bank

Oxford Federal Credit Union

RCH Federal Credit Union

Rainbow Federal Credit Union

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