Rural Microentrepreneur Assistance Program
RMAP loans are targeted to rural businesses with fewer than 10 employees. Loan funds may be used for working capital, inventory, debt refinancing, business acquisitions, and the purchase or lease of real estate. This loan can only fund up to 75% of the business' total project cost.
- Loans up to $25,000
- Terms of up to 10 years
- Interest rate – 6%
- 2% origination fee due at closing
- $15 application fee
You must complete a loan application for loan committee review. As with all WHCA loan products, other industry criteria must be met to qualify for this loan.
Please contact Sarah Nugent by email at gro.pacachw@selpahcjs or phone (207) 610-5942 for current information or an appropriate referral to a similar loan program.