190 Main Street, 3rd Floor
Saco, Maine 04072
207.282.1748
We have a loan for you! Call us today!

Economic Development

The Economic Development Corporation helps businesses, large or small
by providing gap financing for projects that require cash, fixed asset financing,
start-up and working capital and real estate acquisition and development.

Getting started?  Getting bigger?  Need some extra help?
Find out if your business is eligible today.


  • Testimonials

    Precision Transmission
    Partnering with the EDC has had many benefits. They helped me realize my business start up plans by securing the financing needed.
    David Roy - Precision Transmission
    Doug
    The EDC worked with us through every phase of this project to collaborate with bankers and get us the funding we needed to keep our development on schedule.
    Doug Sanford - Northdam Mill
    Jack Fowler
    They truly understand the needs of a small business.
    Vassie and Jack Fowler - Union House Pizza
    Transparent
    When we were ready to build, location was very important. It’s beautiful here, with trees and space. And we have easy access to FedEx, the Turnpike, the airport and shipping facilities, because we are an international business.
    Karen Sumner - Transparent Audio, Inc.
    Yale Cordage
    Everything came together here. Biddeford and Saco came charging to the table and lined up all the elements for us very quickly–financing, labor force issues…they certainly made it easy.
    Tom L. Yale - Yale Cordage
    hyperlite
    Their knowledge of mill redevelopment, coupled with their access to a variety of sources of capital, really benefitted HMG.
    Mike St. Pierre - Hyperlite Mountain Gear
    Lukas-Foods-Logo
    The EDC was able to help us by reviewing our debt and recommending a reasonable restructure that worked for our current financial situation.
    Greg Willoughby - Lukas Foods
    Prescott Metal
    The EDC has really helped our business stay on track.
    John Grondin - Prescott Metal
    Shields Store
    We determined that the EDC would be a great option for our financing needs.
    Dean and Greg Shields - Shields Meats
    Bear Essentials
    The EDC directed us to the resources we needed to get our business off the ground and provided us with a loan to cover our start-up costs. Jon and Will were helpful and enthusiastic about our venture. We wouldn’t be where we are today without the EDC.
    Nate & Justin Warren - Bear Essentials Fitness

  • Succeed

    The Biddeford-Saco Area Economic Development Corporation is an Equal Opportunity Lender. Complaints of discrimination should be addressed to: President, BSAEDC, P.O. Box 536, Saco, ME 04072.



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