Learn more about COVID-19 Loan and Grant Programs!

The City of Portland’s Business Loan and Grant Programs are designed to provide financial assistance to Portland businesses impacted by COVID-19. This includes businesses that have remained open, have furloughed some or all of their employees, have closed temporarily or are preparing to open.  Available funds are not intended to substitute for COVID-19 federal and/or state financing programs.

Low - Moderate Income Table 

HOW DO I APPLY?

Click here for the application.

The application is a google form, you must log into a google account to fill out the form. If you do not have a google account you can create one here. Alternatively you can request  PDF application via email to edd@portlandmaine.gov

Webinar

In partnership with a few other programs in the Greater Portland region, the City participated in a webinar designed to provide local businesses with an overview of the different programs and an opportunity to ask questions. A recording is available here . 

WHAT WILL I NEED TO APPLY?

You will need to submit documentation with your application including:

• Payroll from January 31, 2020 showing number of full and part-time employees;

• Personal financial statement from all owners of the business with 20% ownership or greater (for loans);

• 2018 and 2019 business tax returns;

• Balance Sheet for 2019 and Profit and Loss for 2019;

• Copy of Commercial lease (not required for at-home child care businesses);

• IRS Form 940
  
  
  
  
  

GUIDELINES AVAILABLE HERE:

English - MicroEnterprise Grant,  Rapid Response Microloan, & COVID-19 BAP for Rehiring

One Page overview of programs