December 05, 2019
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Local businesses get boost from Eastern Maine Development Corporation’s growing lending team

Community Author: Kristin Harmon
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BANGOR —  Eastern Maine Development Corporation is pleased to welcome loan officer/credit analyst Tom Stewart to its lending department. Stewart brings over 20 years of industry experience to the team.

Working with start-ups and existing businesses statewide, Eastern Maine Development Corporation partners with funding institutions including the U.S. Small Business Administration, Finance Authority of Maine and other organizations to offer financing alternatives.

“Tom’s lending and relationship management experience will continue to foster partnerships, and help Maine businesses receive the critical funding they need to grow,” said director of Business Lending & Investments, Joshua McIntyre.

A graduate of the University of Maine in Machias, Stewart previously worked as a Revenue Cycle Analyst for Northern Light Health and as branch manager at Down East Credit Union. He joins the corporations new Portfolio & Business Development specialist, Nancy Newell, longtime Senior Portfolio manager, Rhonda Amsden, and director of Lending & Investments, Joshua McIntyre.

“This will expand EMDC’s effort to provide friendly, flexible lending services that promote start-ups, and boost existing small businesses,” said president & CEO, Lee Umphrey. “As a valued-added component, EMDC’s lending team works closely with our Workforce team to ensure that those receiving loans are guided in recruiting and retaining the best employees for their growing businesses.”

Eastern Maine Development Corporation fosters public-private relationships and leverages resources that help businesses, communities and individuals reach long-term goals and prosperity. The corporation is the only economic development company in the state that provides services to these three groups under one umbrella. Its integrated programs and individualized services accelerate economic and workforce development through this holistic approach.