A Rockport-based company has landed a $2.37 million loan guarantee from a federal rural development program to purchase property in South Portland.
The company, 53 Darling LLC, received the loan to buy a 29,000-square-foot leased property at 53 Darling Ave. in South Portland, according to a press release.
Two companies occupy space in that building, according to the release, and employ 140 people.
The loan comes in partnership with Androscoggin Bank as a part of the federal program aimed at improving the economic and environmental climate in rural communities.
The investment property is on a lot adjacent to the Maine Mall. The deal was brokered by Portland-based NAI The Dunham Group.
Sign up now to get statewide business news each day with the Daily Report