Please contact BDC staff prior to filling out applications.
Phone: 207-721-4051

Loan Services

A BDC business loan may range from $5,000 to $35,000. We often partner with other local financial institutions, such as MCEDD, our regional economic development district, and Coastal Enterprises, Inc, a local nonprofit financing institution. Loans fund equipment purchases, leasehold improvements, construction, and working capital. Loan applications are accepted on a rolling basis. The BDC Board meets regularly in order to consider loan requests in a timely manner.

BDC Loan Application

BDC Loan Application Instructions

Grant Services

The BDC occasionally offers small grants to businesses and nonprofits at the discretion of the Board of Directors. The BDC will occasionally release a call for proposals for a specific program and/or initiative. All grant requests must demonstrate a cash match.

BDC Grant Application with Instructions