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Farm Financing PDF Print E-mail

Loans

CEI provides business loans to farmers through the Organic Farms Loan Fund and the Maine Farm Business Loan Fund.

The Organic Farms Loan Fund serves organic farmers or those transitioning to organic production with loans generally limited to $15,000.

The Maine Farm Business Loan Fund is for small or midsized farms using sustainable practices and requiring capital up to $35,000. The Fund is a collaboration with the Carrot Project, a nonprofit dedicated to creating financing solutions for small and mid-sized farms.

Loans from both funds can be used for working capital or capital needs such as equipment, buildings, production or value-added enterprises. CEI farm loans offer fixed interest rates and repayment schedules to match cash flow.Image

To learn more about farm financing from CEI, contact Art Stevens, , at 207-324-0888, or Gray Harris, , at 207-882-7552, ext. 135.

CEI can direct farmers to services that can help develop a business plan, which is required if a farmer applies for a loan.


 

Learn more about the services offered by the Maine Farms Project at CEI

» About the Maine Farms Project

» Farm Financing

» Farm Counseling

» Farms for the Future

CEI IN THE NEWS!
CEI’s Policy Directions for Maine highlights policy issues that we believe the next administration and legislature should address.  These issues were selected based on our current work and our extensive experience as a community economic development practitioner for almost 35 years.  

CEI partners in the “Cod Academy”. CEI is helping to organize a free cod farming course for large boat fishermen from Maine’s two easternmost coastal counties, Hancock and Washington.Image Read more here.

CEI Investment Notes are a way for you to invest in your community, to help others, and to reap social, environmental and economic benefits. Details here.

U.S. Finance Expert Encourages Banking Investment in Maine Communities
At CEI's 32nd Annual Meeting, Ellen Seidman, Exec. VP of ShoreBank in Chicago, and Sr. Research Fellow with the New America Foundation in Washington, DC, urged Maine bankers and community activists to consider “greater community investment…meeting the actual needs of the community, not just counting dollars invested.” See full speech.

See annual meeting remarks by Ron Phillips, CEO, on triple bottom line investing and the next 5 years for CEI.

See the 12/14/09 article on CEI and the state of investing in communities. It’s where mission happens…

CEI Receives $125 Million in NMTC  Through its subsidiary, CEI Capital Management LLC, CEI will use the allocation to attract private capital investments for primarily rural economic development projects. See press release.

CEI Receives Investment Funds
In partnership with Manufacturers Association of Maine, CEI will receive $765,000 over from the Federal Department of Health and Human Services, Office of Community Services (OCS), to finance several job-generating small-to-medium enterprises. This funding will create 78 full-time, year-round jobs.  Read press release here. 

Bangor Savings Bank and CEI offer low-interest loans to small and medium-sized enterprises in disadvantaged areas in Maine. Read more here.

CEI Investment Notes, Inc.
36 Water Street, PO Box 268, Wiscasset, ME 04578; Telephone: 207/882-7552; FAX: 207/882-7308; E-mail: cei@ceimaine.org