Posts Categorized: News & Events

Tips to Prepare for Reopening

By: Business Advisor Susan Desgrosseilliers Though your business may be closed, now is the time to start preparing for your next chapter.  We recommend you develop a well thought out plan for when you can open again. While not all businesses are brick and mortar, many of these tips can be applied to your business…. Read more »

How YOU Can Support Local Businesses Right Now

Maine Map - Support Small Business

Small businesses need you now more than ever. Maine would not be complete without the small businesses that make our communities unique, or without the hardworking business owners who create quality jobs for our families, friends and neighbors. We are all in this together. Pay It Forward and Maine Helps initiatives encourage Mainers to come… Read more »

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

Need help? Contact your SBDC advisor. Request Advising Here. Revised 6/17/2020 What is the Paycheck Protection Program (PPP)? The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Coronavirus Impact on Your Business

The Maine SBDC is committed to doing everything we can to help you navigate the challenges your business faces as a result of COVID-19.    Last Updated: 5/18/2020 UPCOMING WEBINARS: Understanding PPP Forgiveness | COMING SOON!! More webinars coming soon…

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

Need help? Contact your SBDC advisor. Request Advising Here. Revised 6/16/2020 THIS PROGRAM IS HAS BEEN REOPENED FOR ALL ELIGIBLE BUSINESSES. The U.S. SBA is offering low-interest federal disaster loans for working capital to small businesses impacted by the COVID-19. Through this process, SBA is providing an emergency cash advance of up to $10,000 ($1,000… 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 »