States Served
Top Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Child Day Care Services
- Bed-and-Breakfast Inns
- Limited-Service Restaurants
Quick Summary
Southern Maine Finance Agency is an SBA-certified Certified Development Company (CDC) headquartered in Biddeford, Maine. Since 2010, they have approved 108 SBA 504 loans totaling $45.9M, with an average loan size of $425K. They serve businesses across 2 states.
About Southern Maine Finance Agency
Southern Maine Finance Agency is an SBA-certified Certified Development Company (CDC) headquartered in Biddeford, Maine. Since 2010, they have approved 108 SBA 504 loans totaling $45.9M, with an average loan size of $425K. They serve businesses across 2 states.
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Frequently Asked Questions
What does Southern Maine Finance Agency do?
Southern Maine Finance Agency is an SBA-certified Certified Development Company (CDC) based in Biddeford, Maine. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Southern Maine Finance Agency handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Southern Maine Finance Agency approved?
According to SBA FOIA public records, Southern Maine Finance Agency has approved 108 SBA 504 loans totaling $45.9M since 2010. Their average loan size is $425K.
What states does Southern Maine Finance Agency serve?
Southern Maine Finance Agency serves businesses in 2 states: Massachusetts, Maine.
How do I apply for an SBA 504 loan through Southern Maine Finance Agency?
To apply for an SBA 504 loan through Southern Maine Finance Agency, 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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