• Business Loans

    Our business banking professionals are trained and empowered to customize a variety of financial products and services available from The First to meet the needs of your business.

    For the most up-to-date rates, call us at 1.800.564.3195 or stop by your local branch. To locate the branch nearest you, click here.

    Business Real Estate Loans

    For businesses just starting out, expanding operations, or seeking refinancing options. Use the equity in your business real estate to extract the capital desired to meet your growing business needs.

    • Combination of fixed and variable interest rate packages
    • Competitive closing costs
    • Fully underwritten, decisioned and serviced by The First
    • Seasonal payment structure available

    Business Construction Loans

    Build your business dreams from the ground up with our construction loan program. We offer line-of-credit and installment options.

    • Competitive rates and closing costs
    • Combination of fixed and variable interest rate packages
    • Monthly interest-only payments based on the amount drawn
    • Construction periods of up to 18 months from date of closing
    • One time closing packages available
    • Fully underwritten, decisioned and serviced by The First

    Working Capital Loans

    We can provide you with working capital when you need it most with flexible repayment terms to meet your seasonal needs.

    • Attractive fixed and variable rate options
    • Competitive closing costs
    • Flexible repayment terms
    • Secured or unsecured packages
    • Seasonal payment structure available

    Lines of Credit

    Ideal for short-term needs like purchasing inventory, supplies, and equipment, along with financing accounts receivable.

    • Competitive rates and closing costs
    • Fixed and variable rate options available
    • Interest only payments based upon the amount drawn
    • Straight or revolving line
    • Can be tied to your commercial checking account for easy funding access
    • Secured and unsecured packages available

    Equipment Loans/Term Loans

    Finance the purchase of equipment or other fixed assets that your business requires.

    • Competitive rates and closing costs
    • Fixed and variable rate options
    • Seasonal payment structure available
    • Varying repayment terms

    Commercial Fishing Loans

    The First maintains our strong, long term commitment to the commercial fishing industry with loans available for both new and used vessels at very competitive rates. We can also customize the repayment terms to better manage your finances. Trap Loans are also available and offer attractive rates and no minimum loan amount.

    • Competitive rates and closing costs
    • Fixed and variable rate options
    • New and used vessel financing packages
    • Seasonal payment structure available
    • New vessel construction lines of credit

    Federal and State Guaranteed Loan Programs

    The First participates in various loan programs offered by The U.S. Small Business Administration and The Finance Authority of Maine.

    Call a First Phone Banking Consultant at 1.800.564.3195 (Monday through Friday 7am to 5:30pm and Saturday 8am to 12pm) or visit one of our conveniently located branches. for program details.