Portland has developed a new loan program to stimulate growth in the creative economy. These loans are intended for artists and other individuals starting or expanding creative economy businesses in Portland. The Creative Economy Loan Fund will offer loans of $5,000 or less, filling a need for small financing that can be hard to come by through conventional bank financing. These loan funds can be used for capital improvements (for buildings or equipment), equipment purchases, leasehold improvements and permanent working capital (core inventory).
Eligibility:
Any new or existing Portland business that:
For further information, contact the Commercial Loan Officer at dch@portlandmaine.gov or call 1-800-874-8144.