Sunrise Loan Fund

Photo by Don Dunbar

Photo by Don Dunbar

Sunrise County Economic Council (SCEC) has worked with economic and community development partners to create flexible financing options for Washington County businesses through its Sunrise Loan Fund (SLF). Within the SLF, we have several individual loan products. While specifics may vary, all products are intended to provide gap-financing to Washington County business projects leading to and supporting job creation or retention.

The SLF was established by SCEC with support and technical assistance from a variety of sources, including the U.S. Department of Agriculture Rural Development, Finance Authority of Maine, private foundations and others. We also manage loan programs for other organizations and entities. SCEC is responsible for meeting all program regulations that pertain to each individual product and each loan fund has specific terms and conditions.

SLF loans can be made to small-businesses as classified by the Small Business Administration (www.sba.gov).

Eligible uses may vary depending on the funding source.  Loans may be made for real estate purchases if SCEC’s collateral position is adequate, job creation and retention is sufficient, and all other financing options have been exhausted.

Generally, a business plan is required.  But if you have never written one, and don’t know where to start, help is available!  Visit “Writing a Business Plan” or “Need Someone to Talk to?” for more information. You can also give us a call at 207-255-0983 or 207-259-5004 and we will set up an appointment with the Loan Officer.

To Apply:

Please download our Sunrise Loan Fund Application and Personal Financial Statement.  If you have questions about SCEC’s business financing options, or need help completing your application, please contact SCEC Program Manager Susan Hatton at 207-255-0983 or by email at shatton@sunrisecounty.org.

Drop Off At One of Our Locations:

  • The  Machias CareerCenter building at 53 Prescott Drive, Suite 3.
  • Calais office at Washington County Community College on 1 College Drive.

Mail:

Attn Loan Officer
Sunrise County Economic Council
53 Prescott Drive, Suite 3
Machias, ME 04654
Phone: 207-255-0983
Fax: 207-255-4987

FOR YOUR SECURITY PLEASE DO NOT EMAIL ANY LOAN RELATED DOCUMENTS!

SCEC is an equal opportunity lender.