Loan Insurance Program (Maine)
Last modified on February 12, 2015.
|Applies to States or Provinces||Maine|
|Name||Loan Insurance 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/lenders/credit_enhancements/Loan_Insurance_Program.aspx
|Last Review|| 2014-09-15
The Loan Insurance Program provides businesses with loan insurance. Two types are available―Pro-rated insurance covering a certain percentage of lenders loss or leveraged insurance covering 100% of lender’s loss up to 25% of the loan amount. The program can help businesses access commercial credit.
|Department||Finance Authority of Maine|
|Address|| 5 Community Drive, P.O. Box 949, Augusta, ME