The BDC works with Brunswick-based businesses and non-profits to provide loans which support job creation and new / expanded products & services.

A BDC business loan may range from $10,000 to $100,000, usually with a financial institution, such as a bank or credit union, as a partner.

The loans fund equipment purchases, leasehold improvements, construction and working capital. Depending on the use, the loan term can run from three to ten years, often with a balloon payment at the midpoint of the amortized schedule.

The BDC also offers small grants for non-profits who contribute significantly to the socio-economic benefit of the community. The BDC will support grant applications that increase services, provide new economic opportunities, enhance a unique asset or support a new or expanding effort in the community.

All grant requests must demonstrate a cash match of at least $1 for $1 requested. Requests are considered twice annually, with grant applications due on April 30th and October 31st.

An application can be obtained by visiting the Contact and Forms page, emailing bdc@brunswickdevcorp.org, or calling 207-721-4123 to request a grant or loan application. Please contact us prior to filling out the application.  Grant applications, as noted above, are considered twice a year. Loan applications are on a rolling basis and will be considered at the BDC Board meeting closest to the time submitted. The BDC Board meets regularly in order to consider loan requests in a timely manner.