Grow Maine: State Small Business Credit Initiative

Administered by Finance Authority of Maine (FAME) · Maine

BENEFIT

Up to $5M

Deadline type: rolling

Eligibility Requirements

1For-profit and nonprofit companies with fewer than 500 employees
2Loans up to $5 million (not to exceed $20 million per project)
3Available through FAME and intermediary lending partners

Eligible Project Types

Small BusinessCommercialIndustrial

STACKING POTENTIAL

Grow Maine: State Small Business Credit Initiative is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Grow Maine: State Small Business Credit Initiative compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Finance Authority of Maine (FAME) official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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