Business Finance Division
You have determined your business idea is feasible. You have created a business plan. You even have financial projections. But how do you finance and implement your plan? The business finance Division at Northern Maine Development Commission can help.
The business finance division assists with:
- Creating new businesses
- Expanding existing businesses
- Writing and refining business plans
- Developing financial projections
- Securing funding
The goal of the business finance department is to create new jobs, retain existing jobs, and promote economic development for northern Maine. Staff members work with businesses, local banks, state and federal agencies, and other public and private funding sources to assist businesses with their financial needs. Through diverse programs and an experienced staff, the department provides quality financing packages for business clients, whether you have a small corner store or a large manufacturing plant.
Staff members will assist you in assembling a comprehensive package of information about your business that addresses the needs of banks and other funding sources. It is important that they understand you have spent the time to develop a sound proposal.
The business finance department at NMDC has earned a reputation for packaging sensible financing proposals that help area businesses get on the right financial track. The department has assisted more than 600 businesses procure some $160 million in public and private financing since 1977.