The Southern Maine Finance Agency (SMFA), formerly known as the Biddeford Saco Area Economic Development Corporation (BSAEDC), promotes sustainable economic prosperity though regional business lending. We work collaboratively with communities, financial institutions and local, regional, state and federal organizations to offer a variety of financing options and support to Maine businesses.
SMFA helps businesses, large and small, by providing gap financing for projects that require cash, fixed asset financing, start-up/working capital and real estate acquisitions and development. We now offer SBA 504 Loans, further enhancing our loan options for clients.
“We offer patient, flexible financing that a traditional bank loan would not be able to offer a business.”
~~ Will Armitage, SMFA President
A Bakery Grows in Saco How many bakers do you know who have a degree in Chemical Engineering? And a background in computer programming? Oh, as well as a degree from the New England Culinary Institute in Baking and Pastry Arts? Well if you know an international couple with that pedigree, you must know Irene Lim, who together with her husband Thys, are the owners of Fernleaf Bakery and Coffee House in Saco. When these two natives of Malaysia (Irene) and Zambia (Thys) met in Toronto they were both working in business, but both also wanted a lifestyle change and…
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