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Make Your Business Accessible to Everyone

mPower can help you increase the independence and productivity of your employees and customers. mPower provides low cost loans to Maine businesses for the purchase, construction, or installation of anything that allows those with disabilities to become more independent in the community and make your business more accessible.

mPower Can Work with Any Bank

mPower loans are used to enhance accessibility. The American Disabilities Act (ADA) requirements of access design, this can mean the purchase of accessibility equipment or a physical

renovation to a building, mPower helps make these projects feasible. In many cases, a renovation or construction project will also include features that are not accessibility-related. 

That portion of the project will be financed separately, through a bank or credit union. mPower can work directly with any financial institution to put together a total loan package for the entire project.

 

What You Need to Know

 
  • To qualify for this program, your non-profit or for-profit business must have a location in Maine.
  • mPower makes loans up to $100,000 at a fixed rate that will not exceed the Prime at the time the loan is approved.
  • Loan repayment schedules can be up to 20 years.
  • Loans are typically secured by business assets.
  • mPower contracts with Finance Authority of Maine (FAME) to underwrite your loan.
  • mPower contracts with Alpha One to provide accessibility design services.
 

How Do I Apply for a Loan?

Contact FAME at (800)228-3734 (voice) or online