JULY 2019 • IN THIS ISSUE
FAME Increases Board Approval Limit to Expedite Application Process
Annual Loan insurance Activity
  • Commercial Loan Insurance Activity: Loans Closed
  • Commercial Loan Insurance Activity: Lender Balance
  • Total Loans Closed by Program
FAME's Business Webinar Series
FAME Staff Spotlight: Karen Kunesh & Kim Getchell
Showcase Maine 2019: Save the Date!
Increase to Board Approval Limit Expedites Application Process

Based on the valuable feedback you provided through our annual Customer Satisfaction Survey, we're continuing to make improvements in our services. You let us know you wanted a more expedient approval process for larger deals. We're pleased to announce that FAME is now able to offer in-house approval of loans up to $1.5 million in FAME exposure. Depending on the risk profile of the borrower, this amount could be even higher.

We greatly appreciate the input you provide us in these annual surveys. More changes are in the works—stay tuned for more exciting announcements!
Annual Loan Insurance Activity

The results are in! Thank you to Maine's lending community for making 2019 another successful year!
Commercial Loan Insurance Activity: Number of Loans
Commercial Loan Insurance Activity: Lender Balance
In fiscal year 2019, the lender balance of FAME insured loans closed was $73.2 million. It is the largest amount reported in any fiscal year. FY2015 is second largest with $71.8 million in CLI lender debt originated.
Total Loans Closed by Program
FAME's Business Webinar Series Continues
FAME's Charlie Emmons recently hosted the second in FAME's series of business webinars. In his presentation, Charlie discussed the FAME Direct Loan program. If you missed the live webinar, you can still watch (and download resources)  here .

Watch for details later this summer on our next business webinar covering FAME's bond programs.

Have ideas for future webinar topics you'd like to see? Let us know! Email your requests to Business@FAMEmaine.com .
FAME Staff Spotlight
Karen Kunesh, Workout & Commercial Loan Officer
Washington, Maine native Karen Kunesh joined the FAME commercial lending team in March. With over 15 years of experience in the banking industry, Karen says she was ready for a new challenge. "I wanted to work for an organization with a solid reputation; one that's making a difference. FAME was the perfect fit. I admire FAME's mission to support economic growth for the great state of Maine, and I'm thrilled to be a part of the team."

Karen and her family live in Washington with their dog, three cats, and one fish. This time of year, they enjoy spending time in their pool, exploring the coast, and hiking. Karen also enjoys cooking and says her favorite poolside reads are non-fiction crime dramas.
Kim Getchell, Commercial Loan Officer
Joining FAME on June 3rd, Kim Getchell is the newest member of the FAME commercial lending team. Having worked with FAME at her previous position in the banking industry, Kim says she was able to see the benefits of FAME's community partnerships and was excited by the opportunity to work for an organization focused on the lasting sustainability of Maine businesses. "I look forward to being able to offer my assistance to Maine lenders and business owners as they navigate the business life cycle."

Born & raised in Caribou, Maine, Kim now lives in Standish with her partner, Brad and their fur babies, Chloe, a miniature border collie, and Victor, a Korean-Jindo mix who was part of a massive rescue of 250 dogs from the horrific dog meat trade in South Korea. "So many people followed Victor's story when he was at the Animal Refuge League of Greater Portland," explains Kim. "They wanted to continue to follow his progress after we adopted him, so Victor now has his own Facebook page."

When not at work, Kim enjoys spending time with her family and pups. She also has a side craft business, Getch All Creations, where she makes food products (salsa and cookies are her specialties), heating/cooling bags, custom pet beds, signs, cups, and more. She is also an avid gardener.
SAVE THE DATE • 11-21-2019
Contact Us
Roxanne Broughton
Commercial Loan Officer
620-3547
Matthew Lindquist
Commercial Loan Officer
620-3527
Karen Kunesh
Commercial Loan Officer
620-3532
Kim Getchell
Commercial Loan Officer
620-3507
Jennifer Cummings
Dir. Business Programs
620-3531
The Finance Authority of Maine  |  FAMEmaine.com
207-623-3263 or 1-800-228-3734
TTY: 207-626-2717
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The Finance Authority of Maine (FAME) does not discriminate in the administration of any of its programs or in its employment practices on the basis of race, color, national origin, age, gender, religion, physical or mental disability, political affiliation, marital status or sexual orientation. FAME is an equal opportunity employer, provider and lender.

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