Issue link: https://nebusinessmedia.uberflip.com/i/1538888
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 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. 4 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 4 In January 2025, Newcastle's Oxbow Brewing Co. LLC acquired Portland's Rising Tide Brewing Co. The breweries retain individual branding. - This list was compiled by Stephanie R. Meagher and previously published in the May 19, 2025, issue of Mainebiz. 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 4 In January 2025, Newcastle's Oxbow Brewing Co. LLC acquired Portland's Rising Tide Brewing Co. The breweries retain individual branding. 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 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 FAMEmaine.com