Loan Programs

GPCOG's loans and grants provide financial assistance to small businesses.

GPCOG has two primary loan offerings to help small businesses alleviate the impact of the pandemic.

Rapid-Response Microloan Program

Small business loans

Who is this for? Small to medium-sized businesses with fewer than 50 employees or sales of less than $5 million are eligible.

Up to $10,000 per business (of which up to $2,500 may be forgivable) — fees and conditions apply

Do you qualify?

  • 1+ employees (not including the owner)
  • Businesses located in the Greater Portland region preferred
  • Additional funding available for South Portland-based businesses, some conditions apply. Learn more about the South Portland Loan Program.
  • Additional funding available for Yarmouth based businesses, conditions vary:  up to $5,000 per business, of which up to $3,750 can be forgivable. Learn more about the Yarmouth Loan Program.

Learn more

Regional Revolving Loan Program

For small and medium-sized businesses

Who is this for? Small to medium-sized businesses with fewer than 50 employees or sales of less than $5 million are eligible to apply. The program prioritizes three industry cluster areas: food, energy, and freight.

Up to $250,000 per business — fees, restrictions, and conditions apply

Do you qualify?

  • 1+ employees (not including the owner)
  • Businesses located in the Greater Portland region preferred

Learn more