Economic Recovery Loan Program (Maine)
Last modified on February 12, 2015.
|Applies to States or Provinces||Maine|
|Name||Economic Recovery Loan Program (Maine)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Finance Authority of Maine (FAME)|
|Primary Website|| http://www.famemaine.com/files/Pages/business/businesses/direct_loans/Economic_Recovery_Loans.aspx
| Last Substantive Modification
The Economic Recovery Loan Program provides subordinate financing to help businesses remain viable and improve productivity. Eligibility criteria are based on ability to repay, and the loan is repayable over five years at a fixed interest rate.
|Department||Finance Authority of Maine|
|Address|| 5 Community Drive, P.O. Box 949, Augusta, ME