KVCOG provides financing assistance for start-ups, expansions and modernizations throughout the region. Funding for the agency’s lending, grant and technical assistance programs are secured through a mix of State and federal loan and grant programs and strategic partnerships. KVCOG offers direct loan programs through our Revolving Loan Funds (RLF). An RLF lends funds to those in need and uses principal and interest payments to finance new loans.

In addition to our direct loan programs, KVCOG can also provide assistance to businesses in accessing other local and State sources of financing.

Revolving Loan Fund (RLF) Opportunities

Terms

• These loans are available to businesses located in Kennebec, Somerset, and western Waldo counties in Maine. 
• The business must be unable to finance the proposed project from its own resources or through commercial credit or other federal, State or local programs at reasonable rates and terms.
• Interest rates vary. 

How Funds Can Be Used

Eligible uses include: real estate acquisition, building improvements, furniture and fixtures, equipment, inventory, supplies, working capital and/or refinancing debt.

Application

To get started with your loan, please fill out the KVCOG Application for Financing.

If you are in need of creating, or updating your business plan, please view our Business Plan Outline. 

If you need more information, reach out via  or (207) 453-4258 ext 221. 

Small Business Resources

Although KVCOG doesn't offer "For-Profit" Grant Funding, below are some other helpful resources:

 APEX Maine Accelerator

Maine Small Business Development Centers 

Score Business Mentor

Finance Authority of Maine (FAME)

Maine Office of Business Development

Central Maine Growth Council

Somerset Economic Development Corporation (SEDC)

Maine Department of Labor (MDOL)

Pine Tree Development Zone Program (PTDZ)
PTDZ offers eligible businesses the chance to greatly reduce, or virtually eliminate, state taxes for up to ten years when they create net new, quality jobs in certain business sectors, or move existing jobs in those sectors to Maine.

Kennebec Valley Community College (KVCC)
Workforce Training For Business