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A coalition of Maine businesses are urging voters to approve ballot question No. 3 on Nov. 4. If approved, the state would borrow $4 million to go into the state's Commercial Loan Insurance program and $8 million to go into its Regional Economic Development Revolving Loan Program. The bond has been estimated to cost the state a total of about $15 million, if it was paid back in 10 years with a 4.5% interest rate. Read more here.
Should the state borrow $12M to support two business loan programs?