States Served
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Gasoline Stations with Convenience Stores
- Offices of Physicians (except Mental Health Specialists)
- Automotive Parts and Accessories Stores
- Sign Manufacturing
Quick Summary
Eastern Maine Development Corp is an SBA-certified Certified Development Company (CDC) headquartered in Bangor, Maine. Since 2010, they have approved 35 SBA 504 loans totaling $14.0M, with an average loan size of $401K. They primarily serve Maine businesses.
About Eastern Maine Development Corp
Eastern Maine Development Corp is an SBA-certified Certified Development Company (CDC) headquartered in Bangor, Maine. Since 2010, they have approved 35 SBA 504 loans totaling $14.0M, with an average loan size of $401K. They primarily serve businesses in Maine.
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Frequently Asked Questions
What does Eastern Maine Development Corp do?
Eastern Maine Development Corp is an SBA-certified Certified Development Company (CDC) based in Bangor, Maine. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Eastern Maine Development Corp handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Eastern Maine Development Corp approved?
According to SBA FOIA public records, Eastern Maine Development Corp has approved 35 SBA 504 loans totaling $14.0M since 2010. Their average loan size is $401K.
What states does Eastern Maine Development Corp serve?
Eastern Maine Development Corp primarily serves businesses in Maine.
How do I apply for an SBA 504 loan through Eastern Maine Development Corp?
To apply for an SBA 504 loan through Eastern Maine Development Corp, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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