Monthly Archives: March 2020

What You Need to Know About the Paycheck Protection Program (PPP)

Need help? Contact your SBDC advisor. Request Advising Here. Revised 4/3/2020 The Paycheck Protection Program is available to small businesses and sole proprietors through participating banks. Starting APRIL 10, 2020, independent contractors and self-employed individuals can apply.  What is the Paycheck Protection Program (PPP)? The PPP provides small businesses with funds to pay up to 8… Read more »

Coronavirus Impact on Your Business

The Maine SBDC is committed to doing everything we can to help you navigate the challenges your business will face in the days and weeks ahead as a result of COVID-19. To request advising, click here.  Last updated: 4/3/2020 WEBINARS: Survival Skills: Navigating Cash Flow During Crisis | RECORDING HERE Survival Skills: Marketing Through Crisis… Read more »

SBA Updates Application Process, Videos Removed

SBA disaster loan website

Unfortunately, SBA Disaster Loan Videos have been removed.   *** The U.S. Small Business Administration is experiencing significant traffic to their website. In an effort to serve more business owners, they have revised their application process. Because of this, our walk-through videos no longer align with the process and have been removed. For information on their… Read more »

What You Need to Know About SBA’s Disaster Loan (EIDL)

Need help? Contact your SBDC advisor. Request Advising Here. Revised 3/31/2020 The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVsID-19). Through this process, SBA is offering an emergency cash advance of up to $10,000 ($1,000 for… Read more »

Sealander Architects – Ellsworth, Maine

Mike Sealander and his wife Robyn have been running their business, Sealander Architects, since 2007. Sealander Architects is an architecture and interior design firm specializing in well-designed environments that allow people to do their best work.  They design buildings to reflect an organization’s mission and culture, and strive to design places where people can thrive.

Spa Voyage – Biddeford, ME

Eliza was experienced in her practice, but had never started her own business. For assistance in these uncharted waters, she worked with Raynor Large, business advisor at the Maine SBDC at Androscoggin Valley Council of Governments. Raynor helped Eliza as she pitched her idea as part of the Maine Center for Entrepreneur’s Top Gun program. He helped her with her business plan and financial projections.