Micro Loan Program

Eligibility

  • Business must be located in Androscoggin, Franklin or Oxford Counties
  • Average annual sales for preceding three years must not exceed $5 million
  • Must have fewer than 100 employees

Loan Term

  • To be based on the business' cash flow and useful life of assets being financed; not to exceed 6 years

Loan Uses

Building improvements, furniture and fixtures, equipment, inventory, supplies, and working capital

Security/Collateral

Assets being financed and other collateral, personal assets and personal guarantees, as required

Loan Amount
 $50,000


Interest Rate

6%

Fees

Closing Costs only

*All rates and costs quoted are for businesses located in municipalities that are members of AVCOG

Loan Application (PDF)