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Maine's new crowdfunding law, which took effect this month, allows Maine businesses to raise debt or equity from anyone, regardless of location. But there are some caveats: businesses are only allowed to raise $1 million in a 12-month rolling period and non-accredited investors can only give a total of $5,000 each. However, the law is seen as giving businesses, particularly small businesses, another way to raise capital. Read more about the new law here.
Does your business plan to take advantage of Maine's new crowdfunding law?