SBA Approves Governors’ Application for Loans to Help Eligible Businesses Impacted by COVID-19

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Some Small Businesses Closed This Afternoon Leaving Notices to Customers in Their Windows.

The US Small Business Administration (SBA) today approved Governor Janet T. Mills’ application for SBA Economic Injury Disaster Loans to help Maine businesses overcome any temporary loss of revenue due to the novel coronavirus.  Maine is one of the first states in the country to be approved and Maine’s small business owners can now begin applying for these loans.

“This is good news for Maine small businesses who will need this capital to help weather the impact of the coronavirus,” said Governor Mills.  “I thank the SBA for making these funds available and Maine’s congressional delegation for their support.  I encourage Maine’s small business owners to take advantage of these loans during this time of economic uncertainty.”

“It is critical that we support both Maine businesses and Maine workers during this challenging time,” said Department of Economic Community Development Commissioner Heather Johnson.  “We have been and will continue to be working closely with the Federal government, and other entities that can offer support to ensure that there are resources available for businesses impacted by the changes in the market as a result of the coronavirus.”

Maine small business owners can now access and apply for Economic  Injury Disaster Business Loans at www.sba.gov/disaster or the toll free line number is:  1-800-659-2955.