Company Overview
- Headquarters
- 190 Main Street, 3rd Floor, 190 Main Street, 3rd Floor, P.O. Box 536, Sac, Saco ME
- Website
- bsaedc.org
- Phone
- (207) 282-1748
- Employees
- 7
- Founded in
- 1992
- Industry
- Non-Profit
Financials & Stats
Revenue
$5B
Who is Economic Development Corporation
Economic Development Corporation is a Community Development Financial Institution based in Saco, Maine. Founded in 1992 by the Cities of Biddeford and Saco and the Biddeford-Saco Chamber of Commerce and Industry, the organization employs 7 people and generates $5 million in annual revenue. SMFA provides regional business lending, focusing on underserved markets and promoting sustainable economic prosperity. They administer revolving loan programs using federal, state, and local funds to support businesses whose project costs exceed conventional financing options. SMFA's loan programs target industrial and manufacturing firms, wholesale and distribution companies, and commercial enterprises that create and retain jobs. Eligible project costs include site purchase and development, new construction and rehabilitation of buildings, machinery and equipment acquisition, and working capital. For more information about SMFA's services, visit their website at bsaedc.org or call 282-1748.
Economic Development Corporation Industry Tags
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