Issue link: https://nebusinessmedia.uberflip.com/i/1535385
V O L . X X X I N O. X I M AY 1 9 , 2 0 2 5 30 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 Nick Marchesseault LLC 3 Minot Farm and garden machinery $ 2,458,101 $ 887,051 06/26/2024 Working capital; purchase real estate & business 2 Timber Ridge Sawmill & Lumber LLC Bradford Sawmill $ 2,150,000 $ 1,499,999 07/08/2024 Purchase business 3 Gloucester Fish Co. Inc. Phippsburg Diversified fishing $ 2,000,000 $ 1,500,000 01/02/2024 Purchase fishing vessel 4 North Atlantic Property Holdings Rockport Sports and recreation facility $ 1,750,000 $ 997,500 10/30/2024 Construct new gymnasium 5 Tanbark Molded Fiber Products Inc. 3 Saco Manufacture molded fiber packaging $ 1,594,000 $ 1,594,000 06/13/2024 Purchase equipment 6 Silver Maple Farms Inc. Albion Dairy farm $ 1,485,000 $ 999,999 07/24/2024 Construct new barn ; purchase livestock 7 Beets & Leeks Hospitality Group 3 Bucksport Hotel $ 1,483,365 $ 890,019 05/13/2024 Purchase Alamoosook Lakeside Inn 8 James Zuhlke Tree Service LLC Greenbush Tree service $ 1,200,000 $ 759,960 07/08/2024 Working capital 9 Orange Bike Brewing Co. 3 Portland Brewery $ 1,100,000 $ 660,000 03/04/2024 Purchase equipment; real estate improvements 10 Sawyer Enterprises LLC Saco Micro photonics $ 1,000,000 $ 1,000,000 11/01/2024 Real estate improvements 11 North Spore LLC Portland Mushroom cultivation and supplies $ 1,000,000 $ 750,000 12/17/2024 Working capital 11 Cloudport Middle LLC Portland Co-working space $ 1,000,000 $ 750,000 03/01/2024 Real estate improvements 13 American Modular LLC Gray Construction $ 1,000,000 $ 600,000 11/27/2024 Working capital 14 Bingham Holdings LLC 3 Bingham Convenience store $ 910,000 $ 277,500 12/12/2024 Purchase real estate & business 15 Misty Meadows Farm LLC 3 Clinton Dairy farm $ 900,000 $ 675,000 08/05/2024 Refinance debt; working capital 16 Smutty Nose Island Club LLC Monhegan Hotel $ 900,000 $ 225,000 02/02/2024 Purchase business 17 Shiv Future Foods Realty LLC 3 Mechanic Falls Convenience store $ 868,750 $ 651,563 03/26/2024 Purchase real estate & business 18 Pepin Lumber Inc. Coburn Gore Logging & trucking $ 775,000 $ 495,535 03/19/2024 Refinance & purchase log trailers 19 Backyard ADUS LLC Brunswick Construction $ 750,000 $ 750,000 12/04/2024 Permanent working capital 20 Thompson Bros. Inc. Washburn Trucking $ 735,000 $ 514,500 01/01/2024 Purchase trucks & trailers 21 University Customs LLC Livermore Clothing wholesaler $ 700,000 $ 525,000 03/19/2024 Working capital 22 Oxbow Brewing Co. Newcastle Brewery $ 700,000 $ 420,000 01/26/2024 Working capital 23 Paragon of Maine West Forks Plantation Hotel & restaurant $ 700,000 $ 175,000 03/11/2024 Purchase Hawks Nest Lodge 24 JCL Landscaping LLC Georgetown Landscaping $ 695,000 $ 173,750 05/13/2024 Purchase business & equipment 25 Brann & Sons Properties LLC Orland Restaurant $ 693,000 $ 519,750 12/02/2024 Purchase business SOURCE: Finance Authority of Maine 1 Loan transactions closed during 2024 were considered for this list. 2 Amount of loan guaranteed by FAME 3 Multiple loans in total to borrower - This list was compiled by Stephanie R. Meagher and previously published in the May 19, 2025, issue of Mainebiz. The Maine group health insurance partner that works as hard as you. * Based on 2024 Member STAMP survey. healthoptions.org • We're working on building partnerships, with a 92% group retention rate • We're working on keeping your employees healthy and happy, with a 98% Member satisfaction rate * Ready for a quote? Ask your broker or call our Business Development team at (207) 402-3353. Made for Members, Powered by Mainers 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 C O M P I L E D B Y S T E P H A N I E 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 M E A G H E R