Loan Officer Daniel Wallace writes about the USDA Community Facilities Relending Program in a recent Daily Yonder article. This lending program was created in 2016 to provide long-term, low-cost financing for community lenders like CEI who work in impoverished rural and Native American communities.
CEI’s financing using the USDA Community Facilities Relending Program includes the expansion of Central Lincoln County YMCA in Damariscotta and the construction of Seedlings to Sunflowers daycare center in Gorham.
Read the full article, New USDA Loan Program Helps Maine Nonprofit Invest in Community, here.