Business eNews

In This Issue

Recent Partnerships
FAME Partner Trainings
Annual Financing Activity
Maine SEED Capital Tax Credit
FAME In the News
Save the Date - Showcase Maine 2024
FAME Staff Spotlight

Recent Partnership

FAME Programs and OLA Training

FAME's commercial lending team invites you to attend one of our two informative workshops with your industry colleagues this fall.

What to expect:

Learn how to leverage FAME programs to build your relationships with commercial loan customers
Follow a step-by-step enhanced OnLine Answer (OLA) platform training – from input to follow-up
Enjoy a networking lunch with FAME staff and your peers
Learn about the Maine Funding Network – the gateway to alternative funding for Maine businesses

Who should attend?

This FREE workshop is intended for commercial loan officers and commercial loan assistants, analysts, government banking specialists, and others who work with FAME’s OLA platform.

September 25, 2024

10:00 a.m. - 2:00 p.m.

The Northeastland Hotel

436 Main St, Presque Isle

October 8, 2024

10:00 a.m. - 2:00 p.m.

Morgan Hill Event Center

82 Morgan Hill Ln, Hermon

Annual Financing Activity

Thank you to Maine's lending community for your partnership in 2023-2024!

In addition to the $112.6 million in financing provided under FAME's lending programs, FAME supported $10.2 million in partner originated loans and investments under Grow Maine.

Commercial Loan Insurance Activity: Number of Loans

Commercial Loan Insurance Activity: Lender Balance

Total Loans Closed by Program

Do you know about the Maine SEED Capital Tax Credit Program?

The Maine Seed Capital Tax Credit Program is designed to encourage equity investments in Maine businesses, directly and through private venture capital funds. FAME may authorize state income tax credits to investors for 40% of the cash equity provided to eligible Maine businesses. Investments may be used for fixed assets, research or working capital.

There is still $9 million of available tax credits for 2024!

Learn More

In the News...

NEWS CENTER Maine - New 'one-stop-shop' resource aims to help Maine businesses secure financing more efficiently

Newswire - Vertical Harvest Farms Secures USDA Loan Guarantee & Maine’s First C-PACE Funding for Industry-Leading Project Financing

SAVE THE DATE - Showcase Maine 2024

Thursday, November 21, 2024

Each year, FAME recognizes individuals and organizations who have distinguished themselves through their commitment to advancing Maine’s economy and quality higher education. Through their efforts, these individuals and organizations help make Maine a better place in which to live, learn and work.

When: Thursday, November 21, 2024, 4:30 - 8:00 PM

Where: Portland Sheraton at Sable Oaks, South Portland, ME

Watch your inbox for more details and early bird registration!

Do you know of an individual or an organization who's demonstrated an exemplary commitment to business and/or higher education in Maine? If so, we'd like to hear from you! We'd like your help in identifying nominees for our 2024 awards:

Business at Work for Maine

Education at Work for Maine

To nominate an individual or organization, please click the link below to access the nomination forms. Award criteria and submission instructions are included on the forms.

2024 Award Nominations Form

FAME Staff Spotlight

Emily Babineau, Business Programs Manager

Emily Babineau joined FAME’s business team in June 2024 as the Business Programs Manager. Starting in banking right out of high school, Emily is excited to use her financial and banking expertise to help Maine people. “FAME, by design, creates opportunities. After having worked in collections for over 20 years, it was time to surround myself with positivity and opportunity. I am excited to be a part of what FAME does for Maine.”

When not at work, Emily fills her free time with family and food. She is happiest when making things that make people happy – food! When not cooking for her family, she is baking for her small business, Secret Spoon Bakery, which was an idea born from an assignment for a business class. Additionally, she enjoys knitting, crocheting, quilting and crafting in general.

Emily lives in Gorham with her husband Kevin, their three amazing sons, and dog Gimli Olivander. As huge Harry Potter fans, Emily and her family try to visit Universal Studio at least once a year. With a trip to Ireland planned for this fall, she plans to visit film locations from the movies and are already planning their next trip to London to see the studio exhibits.

Jay Beck

Commercial Loan Officer

620-3553

Email Jay

Kim Getchell

Senior Commercial

Loan Officer

620-3507

Email Kim

Karen Kunesh

Workout Officer

620-3532

Email Karen

Matthew Lindquist

Commercial Loan Officer

620-3527

Email Matt

Jennifer Cummings

Director of Business

620-3531

Email Jennifer

Connect with Us!

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