NMDC receives lending award from U.S. Small Business Administration

6 months ago

CARIBOU, Maine — Northern Maine Development Commission is proud to announce that it has been named the Maine 2023 Leading SBA MicroLender by the U.S. Small Business Administration. This prestigious award recognizes NMDC’s outstanding performance and commitment to providing microloans and technical assistance to small businesses in northern and eastern Maine.

The award was presented to NMDC staff by SBA District Director Diane Sturgeon and special guest Mark Madrid, Associate Administrator, Office of Entrepreneurial Development, SBA, at a ceremony held on Friday, January 26 at the Hilton Garden Inn in Freeport. 

“NMDC is honored to receive this recognition from SBA,” said Robert Clark, NMDC executive director. “We are grateful for the partnership and support that SBA provides to our microloan program. We are also proud of our staff, who work hard to deliver quality services and products to our clients. Most importantly, we are thrilled to celebrate the achievements and contributions of our microloan borrowers, who are the backbone of our local economy.”

NMDC is a non-profit organization that serves as a regional planning and economic development agency for Aroostook and Washington counties. NMDC operates the SBA Microloan Program in its service area, offering loans up to $50,000 to start-up and existing small businesses. 

Since 2010, NMDC has made over 300 microloans totaling more than $6 million, creating or retaining over 600 jobs in eastern and northern Maine.

For more information about NMDC and its microloan program, visit www.nmdc.org or call 207-493-5765.