FAME Direct Loan Programs
| FAME Direct Loan Program | Direct Loan Interest Rate | First-Year Origination/ Commitment Fee | Annual Administration Fee | Application Fee | Late Fee |
|---|---|---|---|---|---|
| FAME Direct Loan | Prime + 2%, fixed at commitment | 1% | N/A | N/A | 5% of payment due |
| Regional Economic Development Revolving Loan Program for Day Care | Fixed at 5% | 1% | N/A | N/A | 5% of payment due |
| Compliance Assistance Loan Program | Fixed* | 1.5% | 0.75% of outstanding principal balance** | N/A | 5% of payment due |
** Payable over the second year and subsequent years
FAME Fiduciary Programs
| FAME Fiduciary Program | Direct Loan Interest Rate | First-Year Origination/ Commitment Fee | Annual Administration Fee | Application Fee | Late Fee |
|---|---|---|---|---|---|
| Agricultural Marketing Loan Fund | Fixed at 5% (or 2%***) | 1% only for loans >$100,000 | N/A | N/A | 5% of payment due |
| Dairy Improvement Fund | Fixed at 1% | 1% only for loans >$100,000 | N/A | N/A | 5% of payment due |
| Potato Marketing Improvement Fund (PMIF) — New Facility | Federal prime rate but not greater than 5% | 1% | N/A | N/A | 5% of payment due |
| Potato Marketing Improvement Fund (PMIF) — Storage Retrofit | Federal prime rate but not greater than 5% | N/A | N/A | N/A | 5% of payment due |
| Potato Marketing Improvement Fund (PMIF) — Support Facilities | Federal prime rate but not greater than 5% | 1% | N/A | N/A | 5% of payment due |
| Potato Marketing Improvement Fund (PMIF) — Value Added | Federal prime rate but not greater than 5% | 1% | N/A | N/A | 5% of payment due |
| Nutrient Management Loan Program | Fixed at 2% | 2% | 1% of principal balance | N/A | 5% of payment due |
| Maine Rural Development Authority | Up to Prime + 2%, fixed at commitment | 1% | N/A | N/A | 5% of payment due |
| Linked Investment Program for Agriculture | Up to 2% interest rate savings to borrower | N/A | N/A | $100 reservation fee (half may be refunded in limited cases) | 5% of payment due |
| Linked Investment Program for Commercial Enterprises | Up to 2% interest rate savings to borrower | N/A | N/A | $50 application fee | 5% of payment due |
