March 2010 mPower Board Results

March 22nd, 2010

At the March 2010 mPower Board Meeting 10 applications were approved totaling $99,240 in loan requests. The average interest rate for approved loans was 2.6%. Applicants this month were seeking financing for Adapted Vehicles, Medically Adapted Bed, Hearing Aids, and Wheelchair Ramp.

January 2010 Deadline: December 30, 2009

December 9th, 2009

The mPower Loan Board will reconvene on Tuesday, January 12th, 2010 at 10 AM at the Finance Authority of Maine at 5 Community Drive.

If you would like your loan application to be reviewed at that meeting the deadline to submit it is is Wednesday, December 30th, 2009 by 5 PM.

Contact your local Alpha One office at 800.640.7200 for more information.

Dec 2009 mPower Board Results

December 9th, 2009

At the December 2009 mPower Board Meeting 14 applications were submitted totaling $72,906 in loan requests. The average interest rate for approved loans was 2.06%. Applicants this month were seeking financing for adapted vehicles, hearing aids, a ramp, home modifications and a large print reader machine.

Follow mPowerLoans on Twitter

December 3rd, 2009

If you’re on Twitter, please add ‘mPowerLoans’ to your Follow List. We’re twittering on a regular basis about upcoming deadlines, Board Meetings and today’s Prime Rate.

Remember: mPower interest rates are capped at 6% or Prime Rate–whichever is lower. So keep an eye on Prime Rate to get locked in at the best possible mPower rates.

mPower on Twitter: http://twitter.com/mpowerloans

Next Meeting: Tuesday, December 8th, 2009

December 1st, 2009

The mPower Board will meet again on Tuesday, December 8th, 2009, at the Finance Authority of Maine (FAME) at 5 Community Drive in Augusta, Maine. The Board convenes at 10 AM.

Nov 2009 mPower Board Results

November 10th, 2009

At the November 2009 mPower Board Meeting 21 applications were submitted totaling $340,032.00 in loan requests. The average interest rate for approved loans was 2.41%. Applicants this month were seeking financing for adapted vehicles, hearing aids, a wheelchair lift and ramp, and various home modifications.

Oct 2009 mPower Board Results

October 13th, 2009

At the October 2009 mPower Board Meeting 14 applications were submitted totaling $132,400 in loan requests.. The average interest rate for approved loans was 2.5%.  Applicants this month were seeking financing for a number of items including adapted vehicles, hearing aids, ramps, and recliner chairs.

Sept 2009 mPower Board Results

September 8th, 2009

At the September 2009 mPower Board Meeting 13 applications were submitted totaling $211,355.00 in loan requests. 13 applications were Approved. Zero applications were denied. The average interest rate for approved loans was 2.5%. A 0% loan was approved. The highest interest rate of an approved loan was 3.25%.

Applicants this month were seeking financing for adapted vehicles, a wheelchair lift and ramp, and various home modifications.