Business FinancingNeed business finance? We're here to help

Business Financing Solutions That Work For You

From upgrading outdated equipment and machinery to providing the capital you need to expand your business, we can help provide the funds so you can take your business to the next level within Lewiston and Auburn. For direct financing information, contact John Belisle at jbelisle@laegc.org.

You Are Not Alone

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That’s the number of companies and businesses that have been assisted with more than $13 million in loans over the years. Those loans have generated approximately $89 million in investment within Lewiston and Auburn.
  1. Multiple loan opportunities for small, medium and large businesses.
  2. Highly educated workforce.
  3. 5 colleges with nearly 7,000 students enrolled in higher education.
  4. Highway, air and rail access.
  5. Intermodal transportation facility.
  6. Foreign-Trade Zone.
  1. Multiple fiber optic companies.
  2. World class hospitals.
  3. Booming cultural, entertainments and arts scene.
  4. Affordable housing.
  5. Cheaper cost of doing business for many top industries.
  6. Within a 50 mile radius (an hour’s drive) you can reach nearly 790,00 Mainers.

Loan Options Available In Both Lewiston and Auburn

Funds available from $5,000-$250,000. Eligible applicants include those involved in:

Industrial/
Manufacturing
Biological/
Natural
Resource
Development
Defense Conversion
Retail
Research &
Development
Exporting/
Trade
Commercial Projects

Funds can be used for site purchase & development, construction &rehabilitation, machinery & equipment, and working capital. The purpose of these loans is to create or retain jobs.

For over 30 years, the cities of Lewiston and Auburn have utilized the Lewiston-Auburn Economic Growth Council to serve as the central economic development agency for Lewiston and Auburn, Maine.

A private/public partnership, the LAEGC assists emerging and expanding businesses by providing site search assistance, gap financing, loans, and marketing assistance while working in conjunction with city staff and utilizing city resources.

The City of Lewiston, City of Auburn, and the LAEGC strive to foster a business environment that grows the local tax base and enhances job opportunities.

  • Lewiston and Auburn
  • Maximum Loan Amount $250,000.00 or one-third of the total project costs
  • Interest rates determined on an individual basis, generally fixed up to 5 years
  • Commitment Fee up to 2.0%
  • Term 5 years with up to 20 year amortization depending on security
  • Lewiston and Auburn
  • Maximum Loan Amount $350,000.00
  • Interest rates determined on an individual basis, generally fixed up to 5 years
  • Commitment Fee 2.0%
  • Term 5 years with up to a 20 year amortization depending on security
  • City of Auburn (only)
  • Maximum Loan Amount $250,000.00
  • Interest rates determined on an individual basis, generally fixed up to 5 years
  • Commitment Fee up to 2.0%
  • Term up to 20 years depending on security
  • Auburn and Lewiston
  • Maximum Loan Amount $150,000.00
  • Interest rates determined on an individual basis, generally fixed up to 5 years
  • Commitment Fee up to 2.0%
  • Term 5 years with up to 20 year amortization depending on security
  • Auburn and Lewiston
  • Maximum Loan Amount $100,000.00
  • Interest rates determined on an individual basis, generally fixed up to 5 years
  • Commitment Fee up to 2.0%
  • Term 5 years with up to a 20 year amortization depending on security
Can we help you?

Talk to us for assistance in helping your business to do business in Lewiston Auburn, Maine – We’re here to help