Southern Maine Finance Agency Email Format
Financial ServicesMaine, United States2-10 Employees
Southern Maine Finance Agency operates in the financial services sector as an SBA Certified Development Company and a community development financial institution. It was established in 1992 by the Cities of Biddeford and Saco and the Biddeford-Saco Chamber of Commerce and Industry to promote sustainable regional economic prosperity through business lending. The agency administers revolving loan programs and makes direct loans using federal, state, and local funds to support projects whose total costs require capital beyond what conventional sources can provide, prioritizing industrial and manufacturing firms, wholesale and distribution companies, and other commercial enterprises that create or retain jobs. Eligible project costs include site purchase and development, construction or rehabilitation with substantial owner occupancy, machinery and equipment, and working capital. Headquartered in Biddeford, Maine, SMFA is a small organization serving the southern Maine region. The agency’s website is smfamaine.org.