GRANT · HOW TO WIN THIS
Varies; loan amounts not publicly specified.
Rolling — no set deadline, apply anytime.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
Odds are not publicly disclosed, but NMDC has distributed over 70 grants totaling $1M+ in a single relief round, suggesting meaningful regional capacity.
This is a regional lender with a community development mission, so the bar may be more accessible than traditional bank financing, but loan approval still depends on your business financials and location.
WHAT IT TAKES
Confirm your business is located in the NMDC service area (Aroostook or Washington County) — 15 minutes
Contact NMDC directly or visit MaineFundingNetwork.com to identify the right loan product — 1-2 hours
Prepare business financials and submit a loan application — 1-2 weeks
WORTH KNOWING
NMDC is part of the Maine Funding Network, which consolidates multiple public and nonprofit funding sources in one place — worth checking there first to see if a grant or other product fits before applying for a loan.
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$50B+ in available capital across grants, VC funds, CDFIs, and accelerators. Filter by your industry, stage, and region, and see everything you qualify for.
Explore the funding database →
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