Maine Business Loans

Maine Health is the largest employer in the state; providing over 13,000 jobs. There are only a few large employers in the state, which makes small businesses are crucial to the state economy. Business loans in Maine allow small businesses to capitalize on larger sized projects and provide capital to purchase equipment and inventory.

Due to the harsh winter months it is difficult to grow crops most of the year, and small business loans in Maine are used as a bridge to cover operating expenses. When revenue begins to decrease, there are still expenses that need to be covered during the slower seasons. Business loans in Maine are used to be proactive for seasonal businesses. Maine has large areas of forest, which provides businesses in the Maine small business loans lumber industry employment and revenue opportunities for the local economy.Businesses use equipment financing and small business loans in Maine to purchase new machinery and cover expenses.

Tourism provides much needed revenue to small businesses in Maine on an annual basis. During the winter months, visitors flock to the mountains and ski resorts throughout the state. In the Maine small business loans summertime, tourists enjoy the scenic views and beautiful coastlines. Famous for its lobsters and crabs the fishing industry in Maine is a major source of revenue for the state. Business loans in Maine are used to cover expenses and deal with the seasonality of the industries.