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Help My Business Now!: New Funding and Resources Info Session

February 2, 8:30 AM10:00 AM

Free

Announcing Kennebec Valley Council of Government's New Business
Financing Opportunity & Information Session

Tuesday, February 2, 2021
8:30 a.m. - 10:00 a.m.
Virtual Session
Register here

After registering, you will receive a confirmation email containing information about joining the meeting through Zoom.

About the CARES Act Revolving Loan Fund (RLF):

KVCOG has received $670,000 through the CARES Act to lend to small and mid-sized businesses and start-ups* in the Kennebec Valley. These loans are focused on helping with growth, expansion, investment in equipment and facilities or other opportunities to pivot business during the pandemic!

*A business must have been in operation as of 2/15/2020 to be eligible

How Does the New CARES Act RLF Work?

  • Available to businesses located in Kennebec, Somerset, and western Waldo counties.
  • Flexible lending terms and favorable interest rates, as low as 0%.
  • Technical assistance provided upon request.

Learn more and apply today at www.kvcog.org/rlf or contact KVCOG for more information at loans@kvcog.org.

How Can these Funds be Used?

The goal of this funding opportunity is to help your business to build resilience or adapt to the pandemic. Examples of this include:

  • Invest in an online store, improve a website, or expand an online presence,
  • Renovate or expand facilities to increase capacity or improve customer experience, or
  • Purchase or replace equipment to increase productivity or efficiency.

About the Resiliency Series

In conjunction with this new RLF program, KVCOG is pleased to partner with the Small Business Administration to offer the first in our new Resiliency Series! The series is designed to highlight different aspects of Resiliency through our region and is the product of additional funding from the EDA focused on helping our region respond to, and recover from, the COVID-19 pandemic.

This first FREE virtual session, titled "Help My Business Now!," will provide an overview of this new funding opportunity including guidance on how these funds can best be utilized.

The session will also feature William Card, Economic Development Specialist with the SBA, who will inform new and existing small businesses about SBA's free and confidential Technical Assistance programs, as well as information about SBA's own loan programs.

With the landscape of funding sources in response to the current pandemic in constant flux, this information session is meant to provide accurate and up to date information and guidance on which funding source may be best suited to help your business, now!

This session is the first of a series, with further sessions to take place throughout 2021 and into 2022.

Details

Date:
February 2
Time:
8:30 AM – 10:00 AM
Cost:
Free

Venue

Online Event
ME
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