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.

    LEARN MORE

  • 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

    LEARN MORE

Loans for Small Businesses & Startups

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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.

Learn more

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

Learn more