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Keeping you updated on what’s happening at CEI


May 18, 2020

Mission-Driven Lenders Offer Loans to Boost Business Recovery

May 18, 2020 (Brunswick, ME) – Coastal Enterprises, Inc. (CEI)Community Concepts Finance Corp and MaineStream Finance are offering special loan products supported by SBA funds in a collaboration to help businesses across Maine gain access to the capital they need to rebuild from the devastating impact of the COVID-19 pandemic.  

As nonprofit mission lenders, these organizations are committed to providing financing, business advice and technical assistance to help people with low-incomes, low-wealth and other disadvantages build businesses and financial self-sufficiency.  

CEI, Community Concepts Finance Corp. and MaineStream Finance are utilizing SBA-funds to provide recovery loans to businesses with capital needs up to $50,000. The small-dollar loans may include six-months of payment and interest coverage by the SBA and have no pre-payment penalty. Recovery Loans are available until 9/27/20 or while funds last, whichever comes first.  

Small businesses may request funds to cover working capital needs or to meet normal operating expenses. Businesses receiving funding will also have access to technical assistance, coaching and education from the organizations’ business advisory services. 

Each organization has developed separate terms and conditions for their recovery loan product, outlined below. 


CEI is offering a 3-year, 3% loan up to $30,000 with no prepayment penalty.  An extended-term product is available up to $50,000 upon request. Businesses may be eligible for a loan whether or not they received PPP or EIDL funding.  


Community Concepts is offering loans up to $50,000 on terms up to 6 years. Interest rates may be as low as 3%, depending on loan amount and term length.  


MaineStream Finance is offering a 2-year loan up to $10,000 to cover up to two months of working capital/operating expenses with flexible payment arrangements available.  

Businesses interested in a recovery loan product should contact the offering organization directly for full product details and underwriting requirements. Completed applications will be reviewed in the order of submission, with decisions made within a two-week period.  


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About CEI 

Coastal Enterprises, Inc. (CEI) helps to grow good jobs, environmentally sustainable enterprises and shared prosperity in Maine and in rural regions across the country by integrating financing, business and industry expertise, and policy solutions. A community development financial institution and community development corporation, CEI envisions a world in which communities are economically and environmentally healthy, enabling all people, especially those with low incomes, to reach their full potential. More at  

About Community Concepts Finance Corp. 

Since 1965, Community Concepts, Inc. has offered a variety of housing, economic development and social services for the communities of Androscoggin, Franklin and Oxford counties of Maine. These services support both the basic needs of families and promotes self-sufficiency. Community Concept’s mission is to strengthen individuals, families and communities in Western Maine by providing diverse programs, by engaging in strategic partnerships, and through advocacy that addresses the barriers to promote economic opportunities for all. Since 2001 Community Concepts has offered business and residential loans along with other financial technical assistance and coaching through their affiliate Community Concept Finance Corp.  

About MaineStream Finance 

As a wholly-owned subsidiary of Penquis, MaineStream Finance is a non-profit organization dedicated to economic development by providing credit, capital, and financial services that are often unavailable from traditional financial institutions. Since 1999, MaineStream, a nonprofit community development financial institution (CDFI), has served Maine homeowners, homebuyers, consumers, and entrepreneurs in securing the needed advice and financing they need to grow and thrive. We deliver these services through lending, savings products, classes, and 1:1 advisory support. 

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