Resources for Industry and Individuals Regarding COVID-19

This page was last updated on April 3, 2020

DOL Resources | SBA Loans | DHHS & CDC | DECD | FAME Loans | NOAA

Get the latest news from the Office of the Governor.

Department of Labor Resources

The Maine and US Departments of Labor have put together the following information for businesses and employess impacted by COVID-19

SBA (Small Business Administration) Loans

To protect small businesses, Governor Mills recently requested that the Small Business Administration (SBA) provide economic support loans to Maine small businesses in order to help them overcome any temporary loss of revenue due to COVID-19.

The SBA has approved Governor Mills’ application for SBA Economic Injury Disaster Loans.

Maine small businesses can now access and apply for Economic Impact Disaster Loans at www.sba.gov/disaster. The SBA toll-free line has been established to answer questions at 1-800-659-2955. Furthermore, in collaboration with the Department of Economic and Community Development, the SBA and its Resource Partners: U.S. Small Business Administration, SCORE and Women Business Centers will be providing workshops to answer questions and to help small businesses with the loan application process.

Maine Department of Health and Human Services - US CDC Resources

Maine Department of Economic and Community Development Resources

Finance Authority of Maine (FAME) Loan Programs

These loan programs are available to eligible Maine businesses and individuals/employees who experience hardships due to COVID-19:

For individuals/employees

  • 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 (not FAME) 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 borrower).  A borrower may apply for up to three (3) loans, one per each 30-day period.

For lenders

For businesses

  • 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. The FAME loan would be originated for use to the business owner until the SBA loan is funded. The SBA loan would then pay-off the FAME loan.
  • 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.

NOAA Fisheries Coronavirus Updates

 

This webpage will be updated regularly.