Posts Categorized: Small Business Information

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.

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 »

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 »

Maine SBDC offers FREE webinars to celebrate Small Business Week

Small Business Week is May 5-11. We are hosting *FREE* webinars on topics that are most important to you. Here’s the lineup: Starting a Business in Maine On-Demand Workshop | REGISTER Monday, May 6th – RELEASE DATE New on-demand workshop will be released on May 6th, just in time for Small Business Week. Business Advisor Josh… Read more »

Want to Exit Smoothly? Start Now

By: Raynor Large, Business Advisor Too often, a Seller lets external forces push them out. Unfortunately, selling a business isn’t like selling a home; a buyer’s due diligence looks deeper than the fresh coat of paint and some curb appeal. Instead, the Seller needs to start their planning years in advance for an ideal outcome.

Demystifying Estimated Taxes

By: Business Advisor Peter Harriman One of the hardest and least understood topics I find small businesses face, especially new start-up businesses, is the issue of Estimated Taxes. Part of the problem is that a taxpayer needs to understand their adjusted gross income for the year, in addition to deductions and credits, in order to… Read more »