PHILLIPS — Looking to start a new business or expand the one you have, and need funds? In need of some capital to jump start your business after the damage of COVID? If your business, or one that you want to start, is, or will be, located in the towns of Phillips, Avon, or Madrid, you may be eligible for an affordable low-interest loan through the Phillips Area Micro-Loan Program. You do not need to reside in one of these towns, your business just needs to be located there.
To create new business and retain jobs in these towns, this program exists to help applicants work through a process to assist them in their success. All applications and related information provided by applicants remains confidential. Loans may be requested for as little as as $2,500 or as much as $25,000. Loans may be used to acquire real estate, business equipment, building construction or renovation, etc. Loans can be used by home based businesses, cottage industries or home occupations as well as storefront operations. This program has been in operation since 1994 and many businesses have been successfully helped. The Phillips Area Micro-Loan Committee would like your business to be included in that list of success stories. For more information call Maureen Haley at the Phillips Town Office at 639-3561.
Supporting Sponsor for Franklin Journal, Livermore Falls Advertiser, Rangeley Highlander and Rumford Falls Times.
Keeping communities informed by supporting local news. franklinsavings.bank
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less