Small Business Owner’s Resources during COVID-19 Crisis

MAINE

State and Local Resources for Small Businesses

COVID-19 Relief Interim SBA Finance Loan Program

The COVID-19 Relief Interim SBA Finance Loan Program provides FAME Direct Loans of up to $100,000 with special terms available to eligible borrowers who provide proof of commitment for SBA financing

COVID-19 RELIEF BUSINESS DIRECT LOAN PROGRAM

The COVID-19 Relief Business Direct Loan Program provides FAME Direct Loans of up to $50,000 with special terms available to Maine-based businesses experiencing interruption or hardship due to COVID-19

COVID-19 RELIEF LENDER INSURANCE PROGRAM

FAME will insure 50% – 75% of loans made by commercial lenders to businesses, up to a max loan amount of $100,000

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ADDITIONAL RESOURCES

Economic Injury Disaster Loan & Emergency Grants

Provides low interest loans of up to $2 million and emergency advance of up to $10,000 to small businesses and private non-profits affected by COVID-19 within 3 days of applying for SBA Economic Injury Disaster Loan.

Apply for SBA Loans

Provides low interest loans of up to $2 million and emergency advance of up to $10,000 to small businesses and private non-profits affected by COVID-19 within 3 days of applying for SBA Economic Injury Disaster Loan.

Small Business Debt Relief

Small Business Debt Relief Program provides immediate relief to small businesses with non-disaster SBA loans. This program applies to loans such as 7(a), 504, and microloans.

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