Micro Loan Program

Eligibility
Contact
Ed Dox
Loan Officer

125 Manley Road
Auburn, ME  04210

Ph: (207) 783-9186
Fx: (207) 783-5211

Hours
Monday - Friday
8:00 am - 4:30 pm

  • 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

*All rates and costs quoted are for businesses located in municipalities that are members of AVCOG

Loan Application