Business Loan Program


Business must be located in Androscoggin, Franklin or Oxford Counties

Loan Uses

Building improvements, furniture and fixtures, equipment, inventory, supplies, working capital and/or refinancing debt


Assets being financed and other collateral, personal assets and personal guarantees, as required

Loan Amount

  • $35,000 to $150,000
  • Average loan is approximately $75,000

Loan Term

  • Usually, 7 years, or less, based on the business' cash flow and useful life of the financed assets
  • Terms longer than 7 years may be negotiated, in certain instances
  • Prepayment is allowed without penalty

Interest Rate

Fixed Rate, 5%* 


1% commitment fee and closing costs* *All rates and costs quoted are for businesses located in municipalities that are members of AVCOG

Loan Application (PDF)