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These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on May 20, 2020.

For more up-to-date information on the relief programs available in Maine, we recommend that you visit the state's COVID-19 Response website.

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Description of Program and Relief

COVID-19 Relief Business Direct Loan Program

The Finance Authority of Maine (FAME) provides Direct Loans of up to $50,000 with special terms available to Maine-based businesses experiencing interruption or hardship due to COVID-19. Eligible borrowers with complete applications will have their applications reviewed and approved in an expedited manner. These loans are offered at a decreased interest rate and decreased fee schedule.

Government or Lead Agency

Finance Authority of Maine (FAME).

Dates Available

Effective immediately.

Eligibility Requirements/Restrictions

Maine-based business experiencing interruption or hardship due to COVID-19 that demonstrate that other sources of capital have been exhausted.

Application Deadlines (If Applicable)


Contact for More Information

Contact 1(207) 623-3263 or 1(800) 228-3734 (TTY: (207) 626-2717).

List of Additional Information

For more information or to apply, click here.

© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP

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