Grants out there for smaller enterprises impacted by pandemic

CARIBOU, Maine (WAGM) –



website: The Maine Small Business Development Centers have received new grant funding for eligible small businesses in the state who’ve lost revenue due to the pandemic.


© Supplied by Presque Isle WAGM
The Maine Tiny Small business Improvement Centers have gained new grant funding for suitable small enterprises in the state who’ve missing earnings owing to the pandemic.

A lot more aid is obtainable for organizations impacted by the pandemic, with a new grant plan now accessible for organizations that meet up with small- to reasonable-income needs.

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The Maine Department of Economic and Group Improvement, in partnership with the Maine Little Company Improvement Facilities, will offer grants of up to $5,000 for businesses with five or fewer employees, who meet income rules. Brandon McDonald, Business enterprise Advisor with the Maine SBDC, claims this is a new spherical of funding built to support enterprises impacted by the pandemic.

“It’s straight revenue loss, you know. It is a lot a lot easier than possessing to go by way of and say ‘what have been my fees,’ ‘what was this, this and this.’ With this grant, you just have to demonstrate that you dropped profits. So it – it’s a little bit less difficult heading to sign-up, heading to a POS procedure and declaring here – here’s what my profits glance like for the yr. We – we can compute centered off of that. We do all the function. We choose the significant lifting. Just provide in your – your totals, and we consider it from there,” says Brandon McDonald, Small business Advisor, Maine SBDC.

McDonald claims individuals who acquired funding past year may be eligible for this method, if they can demonstrate extra earnings reduction. He says more grant cash is predicted to be readily available in the close to long run. For additional facts on the application or how to apply, visit our web-site.

For additional information or for an software to utilize for a grant, stop by https://www.mainesbdc.org/cdbg/ or phone Brandon McDonald at 207-493-5770.

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