WISCASSET – The Finance Authority of Maine has awarded Coastal Enterprises Inc. $120,000 from the Regional Economic Development Revolving Loan Program to be lent to qualifying businesses in the Lincoln, Knox, Waldo and Sagadahoc county areas, excluding Bath and Topsham.

To be eligible for the loans, companies must have fewer than 50 employees and less than $5 million in sales and be unable to obtain funding from other sources.

For more information on CEI, go to www.ceimaine.org or call 882-7552.