$10k forgivable loans available to start or grow small business

SACO — Southern Maine micro-businesses are invited to apply for a $10k forgivable loan to start or grow their business, announced Southern Maine Planning and Development Commission (SMPDC), in partnership with the Maine Department of Economic and Community Development (DECD). This micro-enterprise program targets towns in SMPDC’s region: York County; Cumberland County (Baldwin); and select towns in Oxford County (Porter, Hiram, Brownfield, Denmark, Fryeburg, Sweden, Lovell, Stow and Stoneham).

“This program allows low to moderate income small businesses to advance their companies,” said SMPDC Executive Director Paul Schumacher. “The expenditures should be used for working capital expenses to assist in helping to start, sustain or grow a business. There is no application deadline but funds will be reviewed and disbursed on a monthly basis until we run out of funds so the faster one applies, the better.”

The first step to applying is…

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