Loan Programs

News Alert:

Join our webinar to learn more about our GPCOG loan programs.

When: Sept. 29, 11 a.m. 

Register in advance for this webinar:

Loans and grants that help businesses alleviate the impact of the COVID-19 crisis.

The Greater Portland Council of Government Loan Programs are designed to provide financial assistance to businesses. GPCOG has four primary loan offerings to help alleviate the impact of the COVID-19 crisis on businesses located in Cumberland County.:

Microenterprise Program

Assistance for Owners

Who is this for? This program is targeted to assist small business owners maintain operations.

$5000 per business, no fees, forgivable, conditions apply 

Do you qualify?

  • 0 to 5 employees (including the owner/s)
  • Business must be located within Cumberland County (excluding Portland, Bridgton and Brunswick.) Additional funds are available for South Portland businesses.
  • Business owners must qualify as earning 80% of the area's median income based on their town of residence.

Learn more

Job Program

Assistance for job creation/retention

Who is this for? This program is targeted to help businesses maintain employees who are most at risk for losing their jobs.

Up to $10,000 per business, no fees, forgivable, conditions apply

Do you qualify?

The Job Creation/ Retention Program provides funding for small businesses that have between two (2) to twenty-five (25) employees and will be creating new jobs or retaining existing positions.

The program is available to for-profit businesses located within Cumberland County (excluding Portland, Bridgton and Brunswick.) Additional funds are available for South Portland businesses. 

Learn more

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 $5,000 is forgivable, fees and conditions apply

Do you qualify?

  • 1+ employees (not including the owner)
  • Businesses located in the Greater Portland region preferred
  • South Portland Businesses: Additional funding available for South Portland-based businesses, some conditions apply. Learn more about the South Portland Loan Program.
  • Yarmouth Businesses: Additional funding available for Yarmouth based businesses, conditions vary:  up to $5,000 per business, of which up to $3750 can be forgivable. Learn more about the Yarmouth Loan Program.

Learn more about the Rapid-Response Microloan Program

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 businessfees, restrictions, and conditions apply.

Do you qualify?

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

Learn more