The Maine’s SBA District Office (207-622-8551) recommended that startups apply to the following COVID-19 emergency disaster loan programs and provided these instructions. (Please note: Startup Maine is sharing this information, but is not a subject matter expert in this area. If you need specific advice, please seek a licensed professional or expert ie banker, lawyer, SBA Lender, etc).



Corona Virus Emergency Loans- Small Business Guide & Checklist

US Treasury

Click here for the payroll protection program application.


SBA’s Coronavirus (COVID-19): Small Business Guidance & Loan Resources

SBA’s Express Business Loan via a participating bank ($25,000)

SBA’s Economic Injury Disaster Loan (up to $2,000,000)

SBA’s Payroll**

FAME’s COVID-19 Relief Business Direct Loan Program ($50,000 pay back via SBA EIDL loan)

FAME’s COVID-19 Relief Interim SBA Finance Loan Program ($100,000 pay back via SBA EIDL loan)

Pre-Revenue Startups 

If your business is a pre-revenue startup then consider this:
  • Provide as much historical financial information as possible. If zero, then don’t fill out that portion of the application. Instead, provide 2 years of projections for revenues and operational expenses.
  • And, add the following language wherever appropriate in the application:
    • “As the manager of a startup with no revenue to date, the Maine’s SBA District Office recommended that in this application I leave the prior performance section blank and provide 2 years of financial projections and operational expense forecasts.”
  • If your startup / business has historical revenues, then provide that information in those sections of the application.


SBA’s Express Bridge Loan:

  • If your business bank does not provide this loan then ask them for a referral to one that does.

**SBA’s Payroll Assistance Loan:

  • The SBA’s Payroll Assistance Loan is a great solution if you had employees on your payroll during the qualifying period of Jan. 1 – Feb 29, 2020. If you did not, like seasonal employers who staff up for the peak summer season and need working capital to cover this expense, then add your expected payroll to the labor portion of your 2 year operational expense forecast so the SBA knows how much to fund to support this expense.

Seasonal employers:

  • As discussed in the note on the SBA’s Payroll Assistance Loan, add your expected payroll to the labor portion of your 2 year operational expense forecast so the SBA knows how much to fund this expense.

All SBA loan program information may be accessed via Coronavirus (COVID-19): Small Business Guidance & Loan Resources

Find an Express Bridge Loan Lender via SBA’s Lender Match Tool or by connecting with your local SBA District Office.

US Chamber of Commerce

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. The administration soon will release more details including the list of lenders offering loans under the program. In the meantime, the U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals prepare to file for a loan.

Here are the questions you may be asking and what you need to know.

Maine SBDC Resources

The Maine Small Business Development Centers have released two video webinars on how to complete the SBA Economic Injury Disaster Loan application. One is for Sole Proprietors and one is for LLC, Corp and other business forms. Here is the link: 

Emergency Relief Funds

Maine Philanthropy Center is keeping a running list of COVID-19 Emergency Relief Funds as they come online.

General Resources

Stay Home Maine – Resources link

State of Maine “Maine Helps

Portland Chamber: COVID19 Resources

Nonprofit resources, compiled by Maine Association of Profits