A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments.
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Posted inOxford Hills
Otisfield special town meeting on vehicle loan set for Nov. 15
OTISFIELD — Residents will vote Thursday, Nov. 15, on whether to seek outside loans or borrow from town funds for the purchase of a second town truck. The special town meeting is set for 7 p.m. at the Otisfield Community Hall, 292 State Route 121. At their annual town meeting in June, residents voted to […]
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Posted inLewiston-Auburn
Mechanic Falls OKs loan extension for Town Office relocation
MECHANIC FALLS — Town councilors agreed Monday night to extend the construction financing for the Town Office relocation for another six months. “The original construction loan had a term that ends Sept 20,” Town Manager Zakk Maher said. “This extension will bring the new end date to March 20, 2019, allowing us more time to […]
Posted inLewiston-Auburn
Lisbon: From ‘dump’ to double-take
In six years, a community-wide focus on revitalization has changed the face of this former mill town. LISBON — It was called a “drive-through community.” One developer called it “a dump.” It was a former mill town unable to distance itself from the past. It had its traditions — the Moxie Festival being its most notable […]
Posted inFranklin
Livermore Falls fire chief advises selectmen on loan options
LIVERMORE FALLS — Fire Chief Edward Hastings IV told selectmen at their meeting Tuesday that a 20-year loan for the fire station renovations seemed like the best option for the town. He said the renovations will cost around $720,000, including about $60,000 in project overruns. Hastings said that after reviewing 10-, 20-, and 30-year loans, […]
Posted inPerspective, sj-web
Bad bedside manner: Bank loans signed in the hospital leave patients vulnerable
Laura Cameron, three months pregnant, tripped and fell in a parking lot and landed in the emergency room in May. She was flat on her back — scared, in pain and attached to a saline drip — when a hospital representative came by to discuss how she would pay her bill. Though both Cameron and […]
Posted inLewiston-Auburn, News
Wilton signs loan agreement, moves ahead on park grant
WILTON — The Board of Selectpersons have voted to convert a forgivable loan to permanent financing through the Maine Municipal Bond Bank. Town Manager Rhonda Irish told the board the interim loan/grant was received three years ago through the Maine Department of Environmental Protection SRF program. The loan/grant was part of the funding for Phase […]
Posted inLewiston-Auburn, Oxford Hills
Selectmen reject loan for Fire-Rescue Station
BUCKFIELD — A split Board of Selectmen opted not to spend $18,000 in loan interest for items removed from the original Fire-Rescue Station project after learning of yet another problem Tuesday night with the roughly $1 million building. Selectmen voted 2-1 to hold off on spending the money until the station, which is located on […]
Posted inBusiness
Have a solid business plan before seeking financing
After several years of financial market upheaval, banks are once again making loans to viable small business proposals. But as Central Maine SCORE mentor Peter Sassano noted, “The banks are determined not to repeat past mistakes. “The fallout from the lax lending decisions of several years ago has led them to focus on the creditworthiness […]
Posted inBusiness, sj-web
Bankruptcy judge approves $3 million loan for railway
BANGOR — A U.S. Bankruptcy Court judge Wednesday approved a $3 million loan from Camden National Bank that will allow the Montreal, Maine and Atlantic Railway to continue operating with two-man crews running the trains. Canadian authorities in August ordered the railroad to use two-man crews for all hazardous material transportation in response to the […]