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Business Loans

Saco Economic Development Fund
The City of Saco has allocated funds for the establishment of an economic development fund, the Saco Economic Development Fund (SEDF) to provide financing and/or forgivable loan grants to assist property owners or developers and operating businesses seeking to locate and/or expand in the City of Saco. In addition to the SEDF eligibility, financing terms and conditions, lending limits, program administration, and amendments outlined in this document, this program may also include sub-programs with different terms, eligibility, and conditions outlined under separate Program Guidelines Amendments. SEDF Program Guidelines are available here.

Saco  Covid-19 Emergency Loan Fund 
The City of Saco has allocated funds for the establishment of a Covid-19 Emergency Loan Fund (CELF) to provide financing to operating businesses or non-profit organizations with less than 500 employees locate in the City of Saco. This is a sub-program of the Saco Economic Development fund. CELF Program Guidelines are available here.


For more information, contact Denise Clavette , Planning & Economic Development Director or Jessa Berna, Economic Development Specialist.