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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.

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Description of Program and Relief

COVID-19 Relief Lender Insurance Program

Description of Program and Relief

The Finance Authority of Maine (FAME) makes special terms available to lenders providing business loans to borrowers that experience interruption or hardship due to COVID-19. The special terms are available only on applications submitted via the Authority’s OnLine Answer platform on or after March 20, 2020. Loans are eligible for pro-rata insurance coverage of up to 50%-75% up to $100,000.

Government or Lead Agency

Finance Authority of Maine.

Dates Available

Effective immediately.

Eligibility Requirements/Restrictions

Lenders for loans made to Maine-based businesses experiencing interruption or hardship due to COVID-19.

Application Deadlines (If Applicable)

Only available on applications submitted on or after March 20, 2020.

Contact for More Information

Call (207) 623-3263 or (800) 228-3734 TTY: (207) 626-2717)

List of Additional Information

For additional information, please visit 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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