November 2022 • IN THIS ISSUE

Showcase Maine Returns In-person

Grow Maine: Small Business Loan & Capital Program

Thrive Maine - First Round of Applications Closed

FAME in the News

Bonus Program to Share with Your Colleagues & Customers

Limited Seats Available for Showcase Maine 2022

We're back and in-person!

Join us as we celebrate another successful year helping Maine people achieve their business and education goals. Register by Monday, November 7th!

AGENDA

4:30 PM: Reception (featuring Showcase Maine exhibits)

6:00 PM: Dinner Begins

6:30 PM: Awards Presentations & Entertainment

8:00 PM: Adjourn

AWARDS

Business At Work Awardee: MedRhythms,Inc.

Education At Work Awardee: NextGen Personal Finance

Lenders At Work Awardees: Camden National Bank, Evergreen Credit Union, Norway Savings Bank

Dirigo Lifetime Awardee: Ron Milliken, University of Maine at Farmington

Commercial Loan Insurance, Direct Loans, and Equity Capital Available through Grow Maine

Grow Maine will provide up to $62 million of State Small Business Credit Initiative (SSBCI) funding to eligible Maine businesses. Eligible uses of the funds include start-up costs, working capital, franchise fees, equipment, inventory, and more. Grow Maine is intended to provide broad access to capital to help Maine businesses grow and provide jobs for Maine people that will have long-term positive effects on Maine’s economy.

SSBCI is a federal program administered by the U.S. Department of the Treasury that was created to strengthen state programs that support private financing to small businesses.

Lenders and participating partners with questions about the program or who wish to participate in Grow Maine, please contact Matt Lindquist.

Learn More

Thrive Maine Applications Closed

Second Round coming in 2023

Thrive Maine, a forgivable business loan program for COVID-related negative economic impacts, experienced extraordinary interest when the application portal opened on October 4, 2022. The loan amounts requested far exceeded available funding. Accordingly, as of October 19, 2022, the Thrive Maine application was closed. A second application round is planned for 2023. More details and the application open date to come.

Visit FAMEmaine.com/thrive for program updates.

In the News...

News Center Maine—"New loan program launches in Maine to support small businesses affected by the pandemic"

Bangor Daily News—"FAME recognized for eighth straight year as a Best Place to Work in Maine"

Bonus Program to Share with your Colleagues and Customers

Employer Financial Wellness Roadmap

Let FAME help you help employees become financially capable

FAME’s new Employer Financial Wellness Roadmap provides a step-by-step guide to employers who want to offer financial wellness programs to their employees. The roadmap provides evidence for why employee financial wellness is so valuable in improving employees’ lives, and in turn, the overall success of an organization. The roadmap includes resources, best practices, technical support, and research to guide development and implementation, including an overview of FAME’s employee financial wellness program.

A Message from Our Friends at NextGen 529

Roxanne Broughton

Commercial Loan Officer

620-3547

Email Roxa nne

Matthew Lindquist

Commercial Loan Officer

620-3527

Email Matt

Karen Kunesh

Workout Officer

620-3532

Email Karen

Kim Getchell

Commercial Loan Officer

620-3507

Email Kim

Jennifer Cummings

Dir. Business Programs

620-3531

Email Jennifer

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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