Posts Categorized: News & Events

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 »

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 »

5 Practical Tips to Prep Your Business for Sale

Are you are considering selling your business? Perhaps you are ready for retirement? How can you prepare your business to get the most value out of the sale? It takes a lot longer to sell a business than it does to buy a business. Here are some practical tips that you can do now that will prove valuable later.

Maine SBDC Releases 2019 Small Business Client Results, Helps Start a New Business Every Three Days

The Maine Small Business Development Centers (Maine SBDC), a statewide program that helps entrepreneurs start and grow their businesses, is pleased to announce its annual results. 2019 ANNUAL REPORT  View / Download In 2019, certified business advisors across Maine provided no cost business advising to over 1,500 entrepreneurs which helped them to: Start 133 new businesses Save… Read more »

New Research: Maine SBDC Clients Are More Likely to Succeed

With the guidance and expertise of SBDC business advisors located across the state, our clients develop the skills necessary to meet their goals, create successful businesses, and improve the local economies in which they reside.

Contractor or Employee?

Is your worker a contractor or employee? By: Diana Grandoni, Maine SBDC Graduate Assistant   The important differences between these two roles might surprise you. Specific standards determine if your worker is legally an independent contractor or an employee of your business, and it’s up to the business owner to make sure these relationships are… Read more »

Hiring & Managing Your First Employees

Hiring and Managing Your First Employees By: Diana Grandoni, Maine SBDC Graduate Assistant Making the first new additions to your team is an exciting milestone and a sign that your hard work is paying off! For many small business owners, hiring can also be overwhelming and stressful. These four tips will help you make the… Read more »

Maine SBDC’s Business Plan Guide

Writing a business plan is an important step in starting or expanding any business. A business plan provides an essential roadmap for your business that outlines goals and provides details on how you plan to achieve these goals. It is also a great tool in communicating your business’ potential to investors and financial institutions. We’ve developed… Read more »

Six Last-Minute Ideas for Small Business Saturday

Small Business Saturday helps promote Maine communities and the businesses that make them special. It’s a great day to highlight your business and show how much you appreciate your customers. It provides a unique opportunity for small businesses throughout Maine to increase holiday sales. Use Small Business Saturday to generate sales, foot traffic and visibility… Read more »