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Small Business Administration (SBA)

SBA has provided many options to small businesses to help keep businesses operational during the COVID-19 pandemic. See the available programs below.

Defer Your Maine Savings Business Loan Payment

Please contact Business Lending Solutions at 866.736.2804 for assistance.

Paycheck Protection Program (PPP)

NEW APPLICATION SUBMISSIONS HAVE ENDED

Please contact us or click the link for assistance with your current PPP loan. 

SBA Debt Relief

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.

SBA Express Bridge Loans

Allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork.

  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan

Guidance for Businesses and Employers

Offering the most up-to-date information on COVID-19 to plan and prevent the spread of the coronavirus.

SBA Products and Resources

  • Access to Capital
  • Exporting Assistance

Local Assistance

SBA works with a number of local partners to counsel, mentor, and train small businesses. The SBA has 68 District Offices, as well as support provided by its Resource Partners, such as SCORE offices, Women’s Business Centers, Small Business Development Centers and Veterans Business Outreach Centers. When faced with a business need, use the SBA’s Local Assistance Directory to locate the office nearest you.

Need additional help?

Whether you're still on the lookout for what you came here for, or are ready to take the next step, we've got you covered.