Richmond, Maine - a wonderful place to live and visit

Richmond Revolving Loan Committee


The Richmond Community Development Revolving Loan Committee meets on the first Tuesday of every month at the Richmond Town Office at 6:00 p.m. (The Committee only meets as needed.).

The Town of Richmond has community revolving loan funds that are available to provide low interest loans to eligible property owners and businesses throughout Richmond.  Applications are available at the Town Office for anyone interested in borrowing money.

Home Improvement Loans are available to:

  • Make energy conservation improvements
  • Install septic or water systems
  • Replace heating systems
  • Repair roofs
  • Other home repairs

Maximum aggregate amount to borrow is $20,000 with repayments up to 10 years at a 3.5 % fixed interest rate.

TIF Business Loans are available for Richmond Businesses:

  • Building improvements or repairs
  • Business equipment
  • Business marketing cash flow

Maximum aggregate amount to borrow is $25,000 with repayments up to 5 years at 5% fixed interest rate.

Committee (as of October 2017):

Deb Howe, Chairman
Leighton Carver
Lois Legendre
O'Neil Laplante, Selectboard Rep.
Tammy Pender

Peter Warner, Alternate

Laurie Boucher, Alternate

Helpful Documents (there are also hard copies at the Town Office):

Revolving Loan Program Brochure



Community Development Loan Application                                  TIF Business Loan Application

Community Development Coversheet                                           TIF Business Loan Coversheet

                                                                                       Personal Financial Statement Worksheet




"Richmond’s loan programs helped us with home improvements and also with the purchase of our business property. I highly recommend these programs!"

- Joyce McKenney, McKenney Tree



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Town of Richmond, Maine
26 GARDINER STREET RICHMOND, MAINE 04357 207-737-4305 | FAX 207-737-4306
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