Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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Maine
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.
Description of Program and Relief
COVID-19 Relief Interim SBA Finance Loan Program
Description of Program and Relief
The Finance Authority of Maine (FAME) provides direct loans of up to $100,000 with special terms available to eligible borrowers who provide proof of commitment for Small Business Association financing. Eligible borrowers must provide proof of commitment for SBA financing with the intention that the FAME loan would be originated for use by the business owner until the SBA loan is funded. The SBA loan would then pay-off the FAME loan.
Government or Lead Agency
Finance Authority of Maine (FAME).
Dates Available
Effective immediately. FAME will fund loans in as little as 48 business hours.
Eligibility Requirements/Restrictions
Maine based business who provide proof of commitment for SBA financing (for COVID-19).
Application Deadlines (If Applicable)
N/A
Contact for More Information
Contact -(207)623-3263 or 1-(800) 228-3734 (TTY: 207626-2717).
List of Additional Information
© 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.