Resources for Small Businesses

Maine’s small businesses fuel our economy. As they grow, they create jobs for our region and  innovative new products and services. But Maine small businesses face massive challenges including access to working capital and funds to expand their businesses and grow.

GPCOG guides our region’s small businesses by providing many resources to tackle the challenges for entrepreneurs and small business owners.

The Regional Economic Development Loan Program (REDLP) is for small and medium sized businesses in Cumberland County. As administrator for REDLP, GPCOG helps fill a gap for businesses which have trouble securing direct loans through conventional sources. We work closely with banks throughout Cumberland County to meet the financing needs of growing businesses.  Small to medium sized businesses with fewer than 50 employees or sales of less than $5 million are eligible to apply for the REDLP.

 

Meet a few of our loan applications who are growing their businesses and providing new jobs to our region.

 

Betty Crush, Mom’s Organic Munchies

Gluten free, sugar free and dairy free healthy family snacks in Freeport.

“We reached out to GPCOG at the very beginning of our company, when we were still working out of our home. We had just landed a deal with three Whole Food Market locations. We needed to buy equipment, supplies and ingredients and ramp up production in a new facility immediately.

Overall, the loan process can be intimidating to entrepreneurs, but GPCOG made it simple. Our loan with GPCOG helped pave the way for us to ramp up and move to our first manufacturing location.”

 

 

 

Jim Hartley, Pine Tree Seafood & Produce Company

A family run, neighborhood seafood market in Scarborough and Old Orchard Beach.

“We were a brand-new business in 2011. We bought a piece of property and planned to build our business but we found it difficult to get funds directly from a bank. We were directed to GPCOG which was instrumental in helping us land gap financing. That was critical in getting our project off the ground, built and financed. Five years later, our business is thriving and better than ever.”

 

 

 

For more information contact Vin DiCara at vdicara@gpcog.org

 


 

Resources for Maine Small Businesses

Maine Department of Economic and Community Development works to help communities and businesses prosper through a variety of programs providing everything from targeted tax relief to community block grants to tourism marketing.

Maine Small Business Development Centers assists entrepreneurs and small businesses through no-cost confidential business advising and training.

US Small Business Administration helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the US, with services specific to Maine.

Maine International Trade Center helps Maine businesses enter and expand global markets for their products and services. MITC offers one-on-one consulting and research, affordable group trade show participation, connections around the world,  and export reimbursement funds for small businesses.

Portland Score offers free, confidential small business mentorship and workshops that have helped hundreds of small business owners in Southern Maine start or grow their business.

Incubators + Business Counseling can be a valuable addition to any small business’ network.

Local and Regional Chambers of Commerce provide social networks for small business owners, in addition to business networks and informational programs.

Maine Secretary of State’s Small Business Resources provides a wealth of links to legal, tax and regulatory information, along with the Maine Small Business Advocate.

For more information on small business resources, contact Chris Hall at chall@gpcog.org