Thursday, 14 June 2018 16:20

Mainestream finance opens new facility Featured

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BANGOR -  An organization looking to advance opportunities for Maine residents opened its doors in Bangor Thursday.

 

Mainestream finance is a part of the Penquis community action program. It has been around for eighteen years, but they want to let the public know they are open to everybody.

 

CEO of Mainestream finance Chris Linder said, "We are what's called a community development financial institution we're not a bank, but we do provide loans for businesses small businesses who either want to start up or expand as well as for home buyers."

 

Linder said they also provide advice and classes with home purchase or starting your own business, "It's sort of tailored to the individuals around their financial needs."

 

Neighborsworks which is a nationwide network of more than 240 community development organizations working in 4,000 communities across America, has supported Maine stream finance in many ways.

 

"They really underwrote and helped us pile it to these initiatives and right now what we're trying to do is scale it up and serve a lot more people," said Linder.

 

One of the goals of Penquis and Mainstream Finance is to create opportunities for people to live in affordable homes.

 

"A lot of young adults young families with very young children all thinking about owning their own house and owning their own place," said Linder.

 

One man who went through a financial struggle and lost his home came to Mainestream finance for help. He said they've been there for him every step of the way.

 

Mainestream customer Emmett Butts said, "I felt very comfortable and confident with the way that Heather Massow handled my case and it worked out really well."

 

He said he felt no hesitation going to Mainestream finance to get help and encourages those who are struggling to do the same, "It's good to get counsel economic counsel things like that because they're very helpful of helping you guide through how you can stay out of foreclosure."

 

Shonna Narine

Reporter
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Shonna Narine joined the ABC7 and FOX22 team in August 2017. Originally from Long Island (although she hides her accent for TV) she's excited to see what Maine has to offer.

She graduated from Five Towns College in Dix Hills Long I...