We are here. We can help. Contact an SBDC advisor. Request advising.
Next week's LIVE WEBINARS:

Preparing & Planning to Reopen
April 22, 2020 at 10 am | Via Zoom | REGISTER

Q&A Thursday with SBDC Business Advisors
April 23, 2020 at 12 pm | Via Zoom | REGISTER
Tips to Prepare for Reopening
Though your business may be closed, now is the time to start preparing for your next chapter. We recommend you develop a well thought out plan for when you can open again.

People are rooting for the small business community. Businesses that are best prepared to reopen, with a well thought out plan, will undoubtedly be the most successful. Read more...
Important Update: SBA's Disaster Loan Programs
Due to limited appropriations funding, applications for the Economic Injury Disaster Loan (both the loan and the advance) and the Paycheck Protection Program are no longer being accepted.
For Economic Injury Disaster Loan (EIDL) , applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. The SBDC cannot confirm the status of your application. SBA's customer service is the best place to get information, though they are not providing status updates on individual applications at this time: 1-800-659-2955. Based on what we've seen, the EIDL advance ($1,000 per employee, up to $10,000 max) is taking 10 days or longer. The EIDL loan is taking between 6-8 weeks to process.
For Paycheck Protection Program (PPP) , applicants should reach out to their lender with questions on application status. Applications are being processed in a first come, first serve basis. No additional funds have been appropriated for this program at this point in time.
Still confused? You are not alone.
With these programs exhausted, what can you be doing to get your business through this? A Maine SBDC business advisor can help. Request advising here .

Where to get up-to-date info on resources available to your business?
Our website is the best place to get the latest updates for small businesses in Maine. Check out our resources page to find:
  • Available programs for your business
  • The Latest Updates & Changes
  • What you can be doing now
Need help? Contact your SBDC advisor for assistance or for help understanding what resources are available to your business. Request advising here.
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Maine SBDC | 800-679-7232 | mainesbdc@maine.edu | www.mainesbdc.org