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V O L . X X X N O. X I M AY 1 3 , 2 0 2 4 34 S M A L L B U S I N E S S F O C U S Largest Finance Authority of Maine loans Ranked by FAME loan amount, then exposure 1 Recipient Type of business Loan amount/ FAME exposure 2 Date loan closed Loan purpose 1 Springworks Farm Maine Inc. Lisbon Aquaponic greenhouse $ 5,000,000 $ 3,750,000 04/06/2023 Construction of greenhouse, purchase equipment, refinance debt 2 Pennacook Falls Investments LTD Rumford Hotel $ 4,100,000 $ 3,075,000 04/18/2023 Construction loan 3 ImmuCell Corp. Portland Animal health $ 3,000,000 3 $ 2,000,000 09/11/2023 Permanent working capital 4 18 Main Road LLC Brewer Self-storage units, leasing $ 2,882,065 $ 500,000 11/02/2023 Construction loan 5 Bruno Holdings Inc. Augusta Pharmacy $ 2,215,000 $ 499,926 12/18/2023 Refinance debt 6 Billy D. Hardy Houlton Forest products $ 2,033,179 4 $ 1,423,225 06/01/2023 Term equipment 7 Kingfish Maine Inc. Jonesport Finfish farming and fish hatcheries $ 2,000,000 $ 1,800,000 08/10/2023 Bridge financing for development & initial construction 8 Atlantic Power Constructors LLC Bangor Power and communication lines $ 2,000,000 $ 1,000,000 12/27/2023 Equipment line of credit 9 Winter Court LLC & Roselyn North Academy Yarmouth Daycare $ 1,980,000 3 $ 1,900,500 06/23/2023 Purchase business & business assets 10 Kelco Industries Inc. Milbridge Wreaths and Christmas trees $ 1,500,000 $ 300,000 02/27/2023 Line of credit 11 Windward Ventures LLC & JGC Properties LLC Thomaston Manufacturer, woven wool felt and needeled synthetic felt $ 1,444,000 4 $ 1,007,100 04/21/2023 Purchase real estate & business, provide working capital 12 Watkins Property Services & Watkins Excavation Casco Property service and excavation $ 1,420,560 4 $ 1,065,420 02/24/2023 Refinance debt, purchase equipment 13 Tim Flood Cattle Co. LLC Clinton Dairy Farming & livestock trucking $ 1,348,956 $ 1,011,717 03/17/2023 Line of credit 14 W.W. London Woodlot Management Co. Milo Timberland $ 1,293,000 4 $ 827,520 08/31/2023 Refinance debt, purchase equipment 15 JG Hospitality Holdings LLC Bethel Motel $ 1,264,000 $ 632,000 11/20/2023 Purchase The Inn at Rostay 16 JBD Holdings LLC Eustis Restaurant $ 1,250,000 $ 1,125,000 06/05/2023 Purchase The Flagstaff Landing 17 KV Tooling Systems LLC Augusta Machine shop $ 1,200,000 $ 1,200,000 02/08/2023 Purchase equipment 18 Woods Landscaping LLC Kittery Landscaping and hardscape $ 1,200,000 $ 300,000 09/22/2023 Purchase business 19 Michael J. Bragdon II Millinocket Car Wash $ 1,150,000 $ 287,500 09/27/2023 Construction of car wash 20 Silver Maple Farms Inc. Albion Dairy $ 1,100,000 $ 825,000 06/05/2023 Construction of new barn 21 Bisson Transportation Inc. Westbrook Freight trucking $ 1,100,000 $ 275,000 08/04/2023 Working capital, line of credit 22 North Haven Holdings LLC North Haven Grocery $ 1,080,000 $ 270,000 02/03/2023 Purchase business & real estate 23 CTD Enterprises Inc. Brewer Services $ 1,050,000 $ 400,001 03/16/2023 Purchase business 24 Better Management Solutions LLC Sanford Subway Restaurant Franchise $ 1,020,000 $ 510,000 06/20/2023 Purchase Subway restaurant franchises 25 Ocean Approved Inc. Biddeford Kelp processing $ 1,000,000 $ 700,000 07/20/2023 Working capital SOURCE: Finance Authority of Maine 1 Loan transactions closed during 2023 were considered for this list. 2 Amount of loan guaranteed by FAME 3 Mulitple loans in total to borrower; direct loans 4 Mulitple loans in total to borrower - This list was compiled by Stephanie R. Meagher and published in the May 13, 2024 issue of Mainebiz. C O M P I L E D B Y S T E P H A N I E R . M E A G H E R C O M P I L E D B Y S T E P H A N I E R . M E A G H E R Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Largest Finance Authority of Maine loans Ranked by FAME loan amount, then exposure 1 This is Cooper. We were there for all the family camping trips. We're here now as he discovers his love for cooking. Someday he'll open his own restaurant. And when that day arrives, we'll be there. 1-800-447-4559 | bathsavings.bank MEMBER FDIC EQUAL HOUSING LENDER

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