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MICRO/Downtown

Finance Authority of Maine

USDA/Rural Development

UST/Community Development Financial Institution

Biddeford Mill Redevelopment

Counseling

Revolving Loan Programs

BSAEDC administers five comprehensive financial programs to meet the diverse needs of local business.  The corporation makes direct loans with state and federal funds, and works closely with all banks in the communities, as well as other local, regional, state and federal economic development organizations. 

Eligible applicants include:

• Industrial and Manufacturing firms;
• Wholesale and Distribution Companies; and
• Commercial Enterprises that create or retain jobs.

Eligible project costs include:

• Site purchases and development, and new construction and/or rehabilitation of existing buildings by eligible companies with substantial owner occupancy or with lease commitments from qualified eligible companies;
• Machinery and equipment acquisition and/or installation; and
• Working capital.