Econmic Development Division

The Portland Micro Business Loan Fund is a revolving loan fund designed to stimulate growth and development within the City of Portland. The fund can be used for Building Renovations, Machinery & Equipment Purchases, Leasehold Improvements, Façade Renovations, Permanent Working Capital, ADA Improvements and Employee Training.

Terms:

$25,000 maximum loan amount.
Up to 7-year amortization.
Business Assets collateral and/or personal guarantees required.
Minimum private investment of 25% of project cost is generally required.
Application fee and interest rate determined by the Downtown Portland Corporation (DPC).

Eligibility:

Any new or existing Portland business that:

Is located in the City of Portland
Owes no outstanding property taxes, liens, fees or judgments to the City of Portland
Creates or retains jobs
Has the ability to repay the debt
Has a need for “gap” financing

For further information, contact the Commercial Loan Officer at dch@portlandmaine.gov or call 1-800-874-8144.

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