We make the process of applying for a loan quick and seamless

Geography:

Maine

Sector:

Any

Uses:

Start-up, working capital, real estate and equipment purchases, facilities expansion, and refinance of existing higher interest rate debt.

Amount:

Up to $1 million (higher amounts may be considered)

Interest Rate:

6-10%

Typical Term:

3-7 years with extended amortization possible.

Other Features / Requirements:

Speak with your loan officer about additional features or requirements.

Geography:

Maine

Sector:

Any

Uses:

Working capital, equipment/supplies and refinance existing higher interest. Funds cannot be used for real estate purchases.

Amount:

Up to $15,000 for start-up businesses and up to $30,000 for existing businesses.

Interest Rate:

7.25%

Typical Term:

Up to 5 years/60 months

Other Features / Requirements:

Decision within 3 business days. Non-profit businesses do not qualify. Borrower must have evidence of a relationship with a business advisor. CEI can make referrals to a free Business Advisor upon request.

Geography:

Maine

Sector:

Any. This business loan product is available to all applicants for commercial uses.

Uses:

Working capital, equipment/supplies and refinance existing higher interest.

Amount:

Up to $1 million.

Interest Rate:

None. A fixed monthly administrative fee is calculated on the loan amount and term based on the cost of doing business, which includes CEI’s cost of funds, internal loan group operations, and the loan’s level of risk. Over the life of the loan, the cumulative admin fee is equal to the accrued interest on a typical interest-bearing loan of the same amount and term.

Typical Term:

3-7 years

Other Features/Requirements:

Speak with your loan officer about other features or requirements.

Geography:

Maine’s coastal counties – York, Cumberland, Sagadahoc, Lincoln, Knox, Waldo, Hancock and Washington Counties

Sector:

Commercial aquaculture. To be eligible: – Borrower must have necessary licensing and leasing permits – Borrower must have documented $500 in sales to unrelated/non-family party – A complete business plan and minimum two years cash flow projection

Uses:

Restructuring of debt, purchasing boats, gear, and equipment, renovating or constructing infrastructure, acquiring land, and operating capital

Amount:

Up to $250,000 (higher amounts may be considered)

Interest Rate:

Fixed at 5%

Typical Term:

5-7 years with extended amortization possible.

Other Features / Requirements:

Flexible/seasonal repayment schedules may be available.

Geography:

New England states (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont) and New York

Sector:

Any species eligible for USDA inspection include cattle, sheep, swine, goats, catfish, and equine. Poultry species amenable to USDA inspection include chickens, turkeys, ducks, geese, guineas, ratites, and squabs (young pigeons).

Uses:

Predevelopment, real property and business acquisition, construction, working capital, machinery, and equipment.

Amount:

Up to $2.5 million

Interest Rate:

Fixed Rate of 6%

Typical Term:

Up to 10 years, with amortization over 20 years possible.

Other Features / Requirements:

NOTE: The following species are not eligible for voluntary federal inspection or this lending program: rabbit, antelope, bison, buffalo, catalo or cattalo, deer, elk, reindeer, water buffalo, yak; voluntary poultry, migratory waterfowl, and game birds.