Select your status: NEW, FIRST TIME PPP LOAN SECOND DRAW PPP LOAN IMPORTANT UPDATES & CHANGES – March 4th Updated: 3/29/2021
Round 2 of the Paycheck Protection Program
Posts Categorized: News & Events
Local Relief for Maine Small Businesses
Prior to the pandemic, there were very few grant options available for small businesses. When the Covid pandemic was declared a national disaster, multiple rounds of federal and state grant funds were available to cover certain losses for existing businesses. Grant programs available for Covid-relief purposes are generally only available to those who can demonstrate pandemic-related loss… Read more »
What the New Stimulus Bill means for Small Businesses
1/7/2021 Help is on its way! We’ve highlighted what the new coronavirus relief bill might mean for your small business. Please note: Updates to these programs are likely as details are finalized. Once passed, agencies may require some time to launch and implement these programs. As always, Maine SBDC will keep you posted as details… Read more »
The PPP Dilemma: 24 vs 8 Weeks
By: Business Advisor Peter Harriman Nothing is as confusing as when a newly rolled out program experiences the growing pains of change. Many business owners had just become comfortable with the 8-week PPP Covered Period when suddenly they were confronted with an unexpected twist – 24 weeks?
Reflections on a Challenging Year
By: Brad Swanson, Business Advisor For many small businesses, 2020 was a year that started with promise and great potential for continued growth and success. As we reflect on the year, it is very easy to get caught up in thoughts about the world health crisis that swept into our lives in March. In particular,… Read more »
COVID’s Impact on Maine’s Small Businesses
In August 2020, Maine SBDC partnered with Richard Arend from the University of Southern Maine to survey hundreds of Maine small business owners. The survey sought insight into how businesses have been impacted by the pandemic and the steps they have taken as a result. Here’s our findings…
Why *YOU* should shop small this holiday season
By: Jennifer Boutin, Maine SBDC Maine would not be the same without the small businesses that make our communities unique, or without the hardworking business owners who create jobs for our families, friends and neighbors. Small businesses are the core of our economy, making up over 99% of businesses in Maine. And, these small businesses… Read more »
How to Survive and Thrive this Holiday Season
By: Maine SBDC Business Advisor Alison Lane As we close the year with the same uncertainty that plagued our Spring, Summer, and Fall, small business owners hope to capitalize on the season that is “merry and bright”. However, changes to consumer behavior, recovering markets, and the scars from many rough months make the success of… Read more »
Getting Started with QuickBooks
By: Christina Oddleifson, Maine SBDC Business Advisor Covid 19 has made it more important than ever for small businesses to have up to date information about their financial performance. If the Covid 19 pandemic has taught us anything, it’s that small businesses with up to date and accurate financial information have fared better than those… Read more »
News Release: Maine SBDC launches new Resource Center
Maine Small Business Development Center (SBDC) announces the official launch of a new resource center that will help equip Maine’s small businesses with the tools and training they need to respond, relaunch and recover from the pandemic.