Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 301 - MAINE JOB-START PROGRAM
- Section 457-301-1 - Defined Terms
- Section 457-301-2 - Contract
- Section 457-301-3 - Loan Fund Allocation
- Section 457-301-4 - Eligibility
- Section 457-301-5 - Application Contents
- Section 457-301-6 - Application Procedures
- Section 457-301-7 - Criteria and Considerations
- Section 457-301-8 - Recommendation to the Authority
- Section 457-301-9 - Loan Terms and Conditions
- Section 457-301-10 - Covenants of Borrower
- Section 457-301-11 - Use of Loan Proceeds
- Section 457-301-12 - Waiver of Rule
- Section 457-301-13 - Loan Administration
- Section 457-301-14 - Business Support Groups
Current through 2024-13, March 27, 2024
Summary: This rule establishes the procedures and standards applicable to borrowers and community action agencies participating in the Authority's statewide program for making low-interest loans to stimulate the development and expansion of small business. The Authority and the community action agencies may contract to provide loans of up to $10,000 to eligible borrowers for approved purposes in accordance with this rule.
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