Thrive Maine program offers $58M in forgivable small business loans
by Alison Murtagh, WGME
Gov. Janet Mills (WGME)
Help is on the way for small businesses in Maine.
ADVERTISEMENT
Governor Janet Mills announced Friday the opening of Thrive Maine, which will provide $58 million in forgivable small businesses loans.
The governor says under the program eligible small businesses who faced losses, increased costs, or market interruptions as a result of the pandemic can receive a forgivable loan of up to $2 million.
- Also read: Maine getting $8M in home heating help
Businesses selected who then follow program terms may have their loans fully forgiven over four years.
ADVERTISEMENT
The Finance Authority of Maine will begin accepting applications on Tuesday. CLICK HERE for the application.
Load more...