Issue link: https://nebusinessmedia.uberflip.com/i/1525486
W W W. M A I N E B I Z . B I Z 59 Fact Book / Doing Business in Maine B U S I N E S S R E S O U R C E S 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 previously published in the May 13, 2024, issue of Mainebiz. 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 S O U R C E : Finance Authority of Maine 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 Finifish 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 Wreathes 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