2019 Novel Coronavirus - (COVID-19) - Updates and Information

Do you want to make your business more accessible to customers?

Information on Flexible Term Loans

The AELP Business Loan provides flexible term loans up to $100,000 to qualified Maine businesses. Funds can be used to for a range of equipment or modifications (including elevators, lifts, or vehicles) to improve access for Mainers with a disability and ensure they can become more productive members of the community. Our objective is to enable individuals with a disability to remain as independent as possible throughout the state.

Loan terms for qualified for-profit or nonprofit businesses or partnerships range from Prime-1 to Prime+1 depending on the business’ credit history.


To qualify, an applicant or business must:

  1. Demonstrate that the loan will assist one or more persons with disabilities to improve their independence or become more productive members of the community.
  2. Demonstrate the ability to repay a loan in full
  3. Demonstrate positive credit history based on a “Loan Matrix” template (available upon request), including cash flow, debt ratio and management experience
  4. Provide a personal guarantee in the event of loan default

Please note that borrowers are responsible for paying all closing costs at time of closing.

How to Apply

To apply, an interested borrower must fill out an application

Please contact Alpha One at 800-640-7200 (v/tty) or e-mail aelp@alphaonenow.org for more information.

Alpha One maintains the ability to approve or deny loans based on the underwriting guidelines approved by the Kim Wallace Adaptive Equipment Loan Program Board.