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Micro Loan Program
Section Title
Eligibility
  • Business must be located in Androscoggin, Franklin or Oxford Counties
  • Average annual sales for preceding three years must not exceed $5 million
  • Must have fewer than 100 employees
Loan Term
  • To be based on the business’ cash flow and useful life of assets being financed; not to exceed 6 years

Loan Uses

Building improvements, furniture and fixtures, equipment, inventory, supplies, and working capital

Security/Collateral

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



Loan Amount
$50,000

Interest Rate
6%

Fees
Closing Costs only

Loan Application