The Southern Maine Finance Agency (SMFA), formerly known as the Biddeford Saco Area Economic Development Corporation, is dedicated to promoting sustainable economic prosperity through regional business lending in Maine. Collaborating with various organizations, SMFA offers a range of financing options to support businesses of all sizes, providing gap financing for projects requiring cash, fixed asset financing, start-up working capital, and real estate acquisitions and development.
With a focus on helping Maine businesses secure the financing they need, SMFA offers patient and flexible financing solutions that traditional bank loans may not provide. Their services include SBA 504 Loans, aimed at further enhancing their loan options for clients, and they have a track record of successful partnerships with businesses like Shields Meats and Produce, Inc., assisting them in achieving their growth and expansion goals.
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