AUGUSTA – Maine Small Businesses Can Now Access and Apply for Economic Impact Disaster Loans at www.sba.gov/disaster. The loans are intended to help Maine businesses overcome any temporary loss of revenue due to the novel coronavirus, otherwise known as COVID-19.
The U.S. Small Business Administration (SBA) approved Governor Mills’ decision on Tuesday application for SBA Economic Disaster Loans to help Maine is one of the first states in the country to be approved.
“This is good news for small businesses in Maine who will need this capital to deal with the impact of the coronavirus,” Governor Mills said. “I thank the SBA for making these funds available and the Maine congressional delegation for their support. I encourage Maine small business owners to take advantage of these loans during these uncertain economic times.
“It is essential that we support both Maine businesses and workers in Maine during this difficult time,” the Department of the Economy and Human Rights said. Community Development Commissioner Heather Johnson. “We have worked and will continue to work closely with the federal government and other entities that can offer support to ensure that resources are available for businesses affected by market changes as a result of the coronavirus.”
“The SBA would like to thank Governor Mills and his team at the Department of Economic and Community Development for their hard work and immediately contacted small businesses in Maine to quantify the impact and put together the required documentation allowing the SBA to issue this disaster with economic impact. Statement, ”said New England Regional Administrator Wendell Davis.
At the end of last week, the ASB announced it would make economic disaster loans available to small businesses at the request of a state governor. In a letter to the SBA, Governor Mills certified that small businesses in Maine have been affected by COVID-19 and are eligible for SBA loans. With the governor’s letter, Maine is one of the first states to be approved for SBA loans. According to the SBA, the loans offer up to $ 2 million in assistance to small businesses and can be used to pay off fixed debts, salaries, accounts payable and other bills that cannot be paid due to the impact of the disaster.
The SBA’s toll-free line has been established to answer questions at 1-800-659-2955. Additionally, in conjunction with the Department of Economic and Community Development, the SBA and its resource partners: US Small Business Administration, SCORE, and Women Business Centers will host workshops to answer questions and assist small businesses in the application process. ready.
Governor Mills also asked the Maine Department of Economic and Community Development to examine other ways the state can support small businesses in Maine, including working with the Finance Authority of Maine and other partners in potential loan.
