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Business Resources & Assistance Covid-19


BDC to Provide Pandemic Emergency Business Assistance
BDC’s Pandemic Emergency Loan Fund Recapitalized:
Additional funding for the Pandemic Emergency Loan fund is now available. The Brunswick Development Corporation is now accepting loan applications.  Complete the fillable form at www.brunswickme.org/DocumentCenter/View/2241/BDC-New-Quick-App-EMERGENCY-PANDEMIC-LOANS
Email completed form to: scostello@brunswickme.org
The Brunswick Development Corporation’s Pandemic Emergency Loan fund is recapitalized to $100,000 and BDC is accepting applications. The PEL fund was replenished through a $25,000 private donation, a $25,000 match by the Town of Brunswick from Tax Increment Financing (TIF) revenues, and a BDC allocation of $50,000. 
Additional Resources:

Small Business Administration:
COVID-19: Small Business Guidance & Loan Resources available at www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources


The CARES Act
This Act provides significant funding for governments, businesses, hospitals, schools, and social support programs, among many other things. The  Paycheck Protection Program Loans (emergency SBA 7(a) loans) are available through lending institutions that are SBA providers. Please check with your bank or credit union on details of the PPP loan program. www.sba.gov/funding-programs/loans/paycheck-protection-program
** Paycheck Protection Program Funds are Still Available as of 5/13/20! Click here
Paycheck Protection Program Borrower Application Form – Click Here
Bangor Saving Bank is accepting applications – Click Here
Paycheck Protection Program FAQs for Small Businesses – Click Here

Federal Stimulus Package Summarized:
Jamie Boulette from  One River CPAs summarized the highlights of the Stimulus Package”highlighted summary of the stimulus package 

Information on the STATE PACKAGE FOR RELIEF:
COVID-19 Relief Loan Programs
These loan programs are available to eligible Maine businesses and individuals/employees who experience hardships due to COVID-19:
Programs links:
COVID-19 Relief Consumer Loan Program
COVID-19 Relief Lender Insurance Program
COVID-19 Relief Interim SBA Finance Loan Program 
COVID-19 Relief Business Direct Loan Program
Unemployment Insurance FAQs

CEI has compiled a list of resources for businesses as they deal with the coronavirus crisis. www.ceimaine.org/covid-19-resources-for-businessesCEI staff are working remotely but are available to answer any questions you may have regarding the resources. 

From the Maine Tourism Association: The Maine Legislature enacted emergency legislation pertaining to COVID-19, the supplemental budget, and other timely measures.The COVID-19 omnibus bill, LD 2167, was enacted and it has several sections relevant to tourism businesses.Read entire message herewww.maine.gov/decd

Maine Department of Economic and Community Development
Small Businesses Steps to take during COVID-19: Click here

CEI Resources for Businesses: CEI has compiled a list of resources for businesses as they deal with the coronavirus crisis. ceimaine.org/covid-19-resources-for-businessesCEI staff are working remotely but are available to answer any questions you may have regarding the resources. 

From The Maine Tourism Association: The Maine Legislature went into its final day of session on Tuesday, March 17, to enact emergency legislation pertaining to COVID-19, the supplemental budget, and other timely measures.The COVID-19 omnibus bill, LD 2167, was enacted and it has several sections relevant to tourism businesses. Read entire message herewww.maine.gov/decdSmall Businesses Steps to take during COVID-19: Read here

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