A selection of grants and loans being made available to small business owners, non-profits, employees, and the organizations that support them:
GRANTS
Through the Maine Tourism Relief Fund, we will provide grants to tourism-related small business owners with less than 50 employees and their employees who have been adversely impacted by COVID-19, financially, whether through a decrease in wages or loss of employment. https://www.mainetourism.com/maine-tourism-relief-fund/application-faqs/
CEI is offering fast track microloans up to $25K for existing and start-up businesses. Decisions will typically be made within three business days. The initial requirement is a 2-page application and impact data survey from all owners with a 20% or greater share of the business. https://www.ceimaine.org/financing/business-financing/wicked-fast-microloans/
The COVID-19 Relief Consumer Loan Program provides no-to-low-interest consumer loans through a loan guarantee program involving Maine’s banks, credit unions, and FAME. Interested borrowers should contact their local bank or credit union to see if the lender is offering this program and to apply. The program offers loans of up to $5,000 (minus any unemployment benefits received by the borrower). A borrower may apply for up to three loans, one per 30-day period.