Covid-19 Business Resources

Summer Concerts 2020

How to Participate in the 2020 Summer Concert Series

How to Get Codes For Your Customers

Attendees of the 2020 concert series can only get the QR codes/links that allow them to view the concert video from you! Any participating business will receive a stack paper slips the Tuesday before that week’s concert containing the QR code and link exclusive to the week’s video. These links are the only way to access the concert, and they can only be given to a customer when they make a purchase at a participating business. Whether it’s stopping in for a morning coffee or picking up dinner before the show, if an attendee wants to watch they’ve got to make a purchase at your business first. 

How to Advertise Concert Night Specials

Want to get more involved than handing out codes by creating a special deal to draw in concert attendees? Tell us about it! As we generate our public information page for the concert series we will be constantly updating it with information about participants and any deals that are being offered for concert nights. Announcements will be shared on social media as they’re announced, and added to the page so that the public knows where to go for the latest on concert night specials.

If your business is interested in participating or want more information, contact Jessica Chadbourne at jchadbourne@orono.org or at 207-899-6909

The CARE Act

Per the U.S. Department of the Treasury. 

Treasury-CARES-image-PA

ASSISTANCE FOR SMALL BUSINESSES UNDER THE CARE ACT

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. The program, administered by the U.S. Small Business Administration (SBA), is a loan program designed by Congress to help businesses keep their workforce employed during the novel coronavirus (COVID-19) pandemic. The SBA will forgive loans through the program for eligible small businesses if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

According to U.S. Senator Susan Collins, who co-authored the legislation creating the program, a total of 1,816 Maine employers have been approved for $510.9 million in Paycheck Protection Plan loans. Lenders began processing loan applications April 3, 2020 and the program is available through June 30, 2020.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

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Per the U.S. Chamber of CommerceCARES CommerceFor more information on the aid CARES will provide to small businesses, view the complete document HERE.

Other US Small Business Administration (SBA) Resources

SBA Economic Injury Disaster Loan

SBA provides low-interest economic injury disaster loans to small businesses, Small agricultural cooperative and most private non-profit organizations. If you are in a declared disaster area (all of Maine has been declared) and have suffered economic injury regardless of physical damage, you may qualify for an Economic Injury Disaster Loan (EIDL).

  • Up to $2 million in assistance
  • Can be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact
  • Long-term repayments in order to keep payments affordable, up to a maximum of 30 years

SBA Guidance & Resource Page

More Information

United States Department of Labor ResourcesUSDL RightsFor more information about the Families First Coronavirus Response Act, view the rest of this document HERE.

Maine State Department of Labor Resources

Maine State Department of Labor WorkShare Program

WorkShare is an unemployment option that helps businesses retain their workforce during a temporary slowdown in work. The program allows employers to voluntarily reduce the hours of staff in lieu of layoffs. Employees of the business are allowed to collect a partial unemployment benefit to help them offset the loss of income. The WorkShare program helps businesses keep trained workers during a temporary downturn, and it helps workers stay connected to jobs and maintain their skills.

Applications for Workshare must be filed by the employer. Employers should call (207) 623-6783 for more information. 

Maine WorkShare Law

Maine State Department of Labor - The Bureau of Unemployment Compensation

On March 17, Governor Mills and the Legislature enacted bipartisan legislation to increase flexibility in Maine’s unemployment benefits program. It expands eligibility for benefits to people who are affected by COVID-19 but have not lost their job. As well as, waiving the one week waiting period and job search requirements.

Unemployment Insurance FAQs Regarding COVID-19

Finance Authority of Maine Resources

COVID-19 Relief Interim SBA Finance Loan Program

While SBA disaster relief loans take 3 to 4 weeks to fund, FAME could essentially prefund their loan to get funds to Maine businesses sooner. This program provides FAME Direct Loans of up to $100,000 with special terms available to eligible borrowers who provide proof of commitment for SBA financing. The FAME loan would be originated for use to the business owner until the SBA loan is funded. The SBA loan would then pay-off the FAME loan.

COVID-19 Relief Business Direct Loan Program 

For use when borrower cannot obtain loan from a lending partner, a direct loan offers a decreased interest rate and decreased fee schedule. This program provides FAME Direct Loans of up to $50,000 with special terms available to Maine-based businesses experiencing interruption or hardship due to COVID-19.

Self Employed/Consumer Loan Guaranty Program for COVID

As part of its response to the COVID-19 pandemic, the Legislature recently passed emergency legislation to assist Mainers with no-to low-interest consumer loans through Maine’s banks, credit unions, and FAME. For more details on this new program and how to apply, please see the Consumer Loan Guaranty Program for COVID fact sheet.

More Information

State of Maine Loan Guarantee Fund

Details

  • Funded through Emergency Legislation
  • Financial Authority of Maine (FAME), backed by the State of Maine, will guarantee loans to individuals made by banks and credit unions
  • For Maine resident who is an employee, self-employed person, sole proprietor, "1099" worker, or other individual who has experienced a loss of income due to circumstances related to the novel corona virus known as COVID-19
  • Allows bank or credit union to process loan requests more quickly, provides for no-interest loans, and means lending institution cannot turn down request based on the creditworthiness of individual applicant

More Information

Maine Small Business Development Center Resources

Small Business Resiliency Guide & Templates

The Washington SBDC has developed and shared some resources for small business emergency and disaster planning. With permission, these resources have been adapted to help Maine’s business owners. The tools are comprehensive, and we recommend reaching out to a Maine SBDC business advisor for assistance developing a plan to minimize the impact on your business.

MaineStream Business Resources

We are open for business to help your Maine business. We are staying in touch with officials at the Maine Department of Economic Development (DECD), Finance Authority of Maine (FAME), and Small Business Administration (SBA) as well as local officials in towns and cities and your local chambers of commerce. When there is an update or new resources available, we will update it here.

Please contact the following MaineStream team members for more information or if your business needs help:

MaineStream Business Lending

MaineStream Business Advising

Call for help to work through crisis issues and access resources. We can help you fill-out emergency loan applications with the SBA and FAME.

  • Penobscot County: Matthew Lewis mlewis@penquis.org, 207-973-3509
  • Knox, Waldo, Lincoln Counties: Ken Greenleaf, kgreenleaf@penquis.org, (207) 974-2437
  • Piscataquis, Washington, Hancock Counties: James Macomber, jamcomber@penquis.org, (207) 974-2476
  • Want a quick question answered or link to the right resource? Message us on Facebook at MaineStream Finance. We will be monitoring comments, chat, and the message inbox on our page here M-F 8 AM – 4:30 PM each week!

Have a question about personal finances or housing during this time? See our resource pages on those topics here:

Still not sure where to go or who to turn to? Visit Maine Business Answers/Maine Department of Economic Development (DECD), call 1-800-872-3838 or email business.answers@maine.gov.

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Additional Resources

Centers for Disease Control and Prevention (CDC) Resources

Internal Revenue Service (IRS) Resources

Department of Health and Human Services (DHHS) Resources

US Chamber of Commerce Resources

The US Chamber of Commerce also Recommends the Following Links: