Resources for Businesses
Coastal Enteprises Institute (CEI)
-
Are you looking for flexible cash for your business without a long and complicated application process?
CEI’s Wicked Fast Loans offer up to $15,000 for start-up businesses and up to $30,000 for existing businesses.
Businesses must have evidence of a relationship with a business advisor. CEI can make referrals to a free Business Advisor upon request.
-
Grow Maine, established by the Finance Authority of Maine (FAME), administers the U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI) program.
Grow Maine funds require at least 1:1 match to access funding.
CEI has a one-stop solution: Grow Maine at CEI. Eligible borrowers can access both SSBCI and match funds in a single loan package, with flexible repayment terms offered at competitive interest rates. >>> LEARN MORE
-
Coastal Enterprises, Inc. (CEI) has been selected to serve as Third-Party Administrator on behalf of the State of Maine for the following program(s).
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
AGRICULTURAL INFRASTRUCTURE INVESTMENT (AII) PROGRAM
Loans for Small Businesses & Startups
The Indus Fund
Small business owners could qualify to borrow up to $10,000. These funds can be used to support an existing business. To be eligible, applicants must be a first-generation Mainer ("New Mainer").
To apply, call 1-800-464-0253 and we will connect you with a Copart Member Care Representative to get you started.
Indus Fund Loan
Rates effective as of September 1, 2021
TermAs Low As
Up to 5 Year Fixed Rate3.50% APR
*APR = Annual Percentage Rate. Loan amount can be between $500 - $10,000.
GPCOG's loans and grants provide financial assistance to small businesses.
GPCOG has two primary loan offerings to help small businesses alleviate the impact of the pandemic.
Rapid-Response Microloan Program
Small business loans
Who is this for? Small to medium-sized businesses with fewer than 50 employees or sales of less than $5 million are eligible.
Up to $10,000 per business (of which up to $2,500 may be forgivable) — fees and conditions apply
Do you qualify?
1+ employees (not including the owner)
Businesses located in the Greater Portland region preferred
Additional funding available for South Portland-based businesses, some conditions apply. Learn more about the South Portland Loan Program.
Additional funding available for Yarmouth based businesses, conditions vary: up to $5,000 per business, of which up to $3,750 can be forgivable. Learn more about the Yarmouth Loan Program.
Regional Revolving Loan Program
For small and medium-sized businesses
Who is this for? Small to medium-sized businesses with fewer than 50 employees or sales of less than $5 million are eligible to apply. The program prioritizes three industry cluster areas: food, energy, and freight.
Up to $250,000 per business — fees, restrictions, and conditions apply
Do you qualify?
1+ employees (not including the owner)
Businesses located in the Greater Portland region preferred