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, businesses that have closed temporarily, and those that have re-opened.

Applications that are received by March 4th, 2021 before noon, will be considered for funding on March 18th, 2021. Applications that are received by April 1st, 2021 before noon, will be considered for funding on April 15th, 2021. Funding approvals will be voted on at the PDC meetings. 

APPLY

HOW DO I APPLY?

The application is a google a 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 submit the form by downloading

the PDF application and scanning all attachments via email to edd@portlandmaine.gov

If you previously received a Micro-Enterprise Grant and you have commercial space, you may be eligible for an additional $2,500. Learn more here.

AM i Low/ Moderate Income?

WHAT WILL I NEED TO APPLY?

You will need to submit documentation with your application including:

• Payroll from just before the COVID-19 pandemic 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;

• Current Balance Sheet and Profit & Loss through at least November 30, 2020;

• Copy of Commercial Lease.
  
  
  

ONE PAGE OVERVIEW OF PROGRAMS

GUIDELINES AVAILABLE HERE:

 COVID-19 BAP Guidelines | MicroEnterprise Guidelines | Rapid Response Guidelines

NEW:  Winter Business Sustainability Grant Program (WBSG)    

Businesses that need financial assistance to operate a component of their business outdoors through the fall and winter can submit an application for a Winter Business Sustainability Grant. The program will provide up to $10,000 grants for a range of equipment such as coverings, heaters, lighting, platforms, and other items needed for outdoor operations.  

The Housing and Economic Development Department will accept applications through 4:00 PM on December 9, 2020; after that date/time, applications will no longer be accepted.  Please email applications and all attachments to nrh@portlandmaine.gov.  APPLY HERE.  If you have questions, please contact Nelle Hanig, Business Programs Manager, at nrh@portlandmaine.gov or (207) 756-8019.

Program Guidelines