Issue link: https://nebusinessmedia.uberflip.com/i/1284902
V O L . X X V I N O. X X I S E P T E M B E R 7 , 2 0 2 0 28 S TA R T U P S / E N T R E P R E N E U R S H I P F O C U S C O M P I L E D B Y H E I D E M A R T I N C O M P I L E D B Y H E I D E M A R T I N Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Largest Finance Authority of Maine loans Ranked by FAME loan amount, 2019 Largest Finance Authority of Maine loans Ranked by FAME loan amount, 2019 Loan amount/ FAME exposure 1 Date loan closed Business type Loan purpose 1 Gallery Leather Manufacturing Inc. Trenton $2,099,775 $999,493 03/18/19 Leather manufacturing Purchase business assets 2 ATH Realty LLC Portland $1,650,000 $330,000 06/25/19 Funeral home and services Improvements, upgrades, refinance debt 3 Complete Hydraulics Inc. Plymouth $1,600,000 2 $950,000 04/16/19 Repair services Working capital line, purchase business and real estate 4 Coastal Bait Inc. Portland $1,500,000 $499,950 06/17/19 Lobster fishing and bait sales Working capital line 5 Ranger Contracting Inc. Fairfield $1,500,000 2 $450,000 08/26/19 Excavation construction Purchase real estate and equipment, working capital line 6 Rusty Lantern Markets LLC Portland $1,465,000 2 $1,098,750 09/10/19 Gas station and store Buyout real estate holding company, refinance, working capital line 7 Kingpins LLC Portland $1,445,013 2 $567,285 11/21/19 Bowling entertainment center Construction, gap financing 8 Ray Labbe & Sons Inc. Brunswick $1,394,862 2 $976,403 04/16/19 Site preparation contractor Purchase business assets, working capital line 9 Pike & Craft Orono LLC Stillwater $1,300,000 $975,000 06/28/19 Grocery store Purchase equipment and inventory 10 Jaiden Landscaping Inc./Brunswick Trucking Brunswick $1,216,000 2 $729,600 03/25/19 Landscaping services/trucking Refinance debt, working capital line 11 Austin Street Brewery LLC Portland $1,090,129 $654,077 01/28/19 Brewery Leasehold improvements, purchase equipment 12 Mast Landing Brewing Co. Westbrook $1,000,000 $750,000 04/08/19 Brewery Purchase equipment 13 Lilhaus LLC Lincolnville $910,000 2 $302,500 03/19/19 Hand crafted wood furniture manufacturing and sales Purchase real estate/working capital line 14 Brigeen Farms Inc. Turner $905,676 $181,135 09/05/19 Dairy farm Working capital line 15 Chin LLC N/A $880,000 $220,000 11/01/19 Hotel Purchase real estate 16 Bisson Transportation Inc. Westbrook $855,000 $641,250 07/17/19 Moving company Refinance debt 17 Lost Valley Management LLC Auburn $750,000 $562,500 07/10/19 Skiing facility Refinance debt 18 Chilton Holdings Co. Scarborough $750,000 2 $414,551 01/24/19 Furniture store Refinance debt 19 TrakTec LLC Windham $750,000 $375,000 03/20/19 Commercial printing (except screen and books) Term equipment 1 Amount of loan guaranteed by FAME. 2 Multiple loans in total to borrower. This list was compiled by Heide Martin and published in the September 7, 2020 issue of Mainebiz. SOURCE: Finance Authority of Maine Note: N/A=not available. If you've always wanted to attend but haven't been able to, this is your year... join us for our FREE 2020 virtual conference! Employment Law Conference 18 th Annual A Virtual Event for 2020 9:00 am NOV For more information, email Carin Sychterz at cs ychterz@rudmanwinchell.com • Employment Law Updates • Hot Topics in Employment Law • Employment Law Q & A Save the Date! 1 Amount of loan guaranteed by FAME. 2 Multiple loans in total to borrower. N O T E : N/A=not available. S O U R C E : Finance Authority of Maine