Recent Partnerships
Enhanced Financing for COVID-19 Relief Programs
Annual Loan insurance Activity
  • Commercial Loan Insurance Activity: Loans Closed
  • Commercial Loan Insurance Activity: Lender Balance
  • Total Loans Closed by Program
Credits Still Available in Maine Seed Capital Tax Credit Program
Showcase Maine 2020 Update
FAME Staff Spotlight: Matt Lindquist
Recent Partnerships
Enhanced Financing for COVID-19 Relief Programs
Improvements made to OLA loan limits and pro-rata insurance for existing debt refinancing for Maine businesses affected by COVID-19

In an effort to keep pace with the evolving financing needs of its customers during the pandemic, the Finance Authority of Maine (FAME) recently approved additional changes to its special COVID-19-related program offerings.

At its June 18 meeting, FAME’s board of directors approved an increase in loan limits for its COVID-designated OnLine Answer (OLA) loan insurance program  from $100,000 to $250,000 per lender loan and also approved an increase in its pro-rata insurance coverage for refinancing existing debt  from 40% to 50%. For the refi program, paper applications only will be accepted, and there are specific criteria outlined at FAME’s COVID-19 Relief Programs webpage. These two programs, as well as other COVID-relief programs , have limited funding and will sunset on September 30, 2020, unless extended by the FAME Board.

View the full press release on these recent program enhancements.
Annual Loan Insurance Activity
Thank you to Maine's lending community for your partnership in 2020!
Commercial Loan Insurance Activity: Number of Loans
Commercial Loan Insurance Activity: Lender Balance
Total Loans Closed by Program
Credits Still Available in Maine Seed Capital Tax Credit Program
Over $7 Million in Tax Credits Still Available for Eligible Investments
Under recently enacted law (PL 2020, Ch. 616), tax credit authority for 2020 was expanded from $5 million to $15 million for the calendar year. As of this writing, over $7 million in tax credits is still available for eligible investments made in eligible companies on or after April 1, 2020. More information and application forms are available on our website.
Showcase Maine 2020 Update
Event cancelled; award winners will still be recognized
 Out of concern for the wellbeing of our colleagues, friends, families, and communities, the Showcase Maine 2020 event, normally held in November, has been cancelled. However, we will still be honoring the year's achievements with our Business, Education, and Lender At Work for Maine awards. Watch your inbox for nomination forms in the coming weeks.
FAME Staff Spotlight
Matt Lindquist, Commercial Loan Officer
Matt Lindquist joined FAME's Commercial Lending team in August of 2015, after previously serving as Commercial Loan Officer at The Bank of Maine. Born and raised in Augusta, Maine, Matt loves his home state. "It's a privilege to live and work here in Maine, and I am proud to play a part in helping Maine businesses succeed." In his work as a commercial loan officer, Matt enjoys finding creative solutions for Maine businesses unable to secure financing through traditional avenues, and he particularly appreciates the interpersonal aspect of his work. "Here in Maine, it's all about community—whether it's at the state level, your city or town, or the people you work with—that sense of community is always present."

Matt and his wife Jessica live in Vassalboro with their three sons, Drew (10), Landon (7), and Ryley (5), for whom Dad also serves as coach on the baseball diamond and the basketball court. When not busy working, coaching, or being a dad, Matt enjoys DIY projects around the house, fishing at family camps on Unity Pond and Cold Stream Pond, and a good, competitive round of cornhole.

Contact Us
The Finance Authority of Maine  |  FAMEmaine.com
207-623-3263 or 1-800-228-3734
TTY: 207-626-2717
2015 • 2016 • 2017 • 2018 2019
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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