City of Portland Rapid Response Loan Program for Nonprofits

18 Jun 2020 12:12 PM | Anonymous member (Administrator)

The City of Portland has reopened + revised its criteria for its grant/loan programs for small businesses and nonprofits. See this document with additional information on the opportunities and included information on the changes to the Rapid Response Loan Program below (the changes are also highlighted in red in the attachment). 

Please note: nonprofits are only eligible for the Rapid Response Loan Program.

  • If your organization received $10,000 or less from Federal and/or State COVID-19 financing programs (PPP/EIDL/FAME), you now qualify for funding through this program (previously you couldn’t have received any funding). 
  • Organizations with up to 15 employees are now eligible (previously capped at 8 employees).
  • Nonprofits that were first open and operational as late as March 15, 2020 are now eligible (previously your nonprofit had to be open before January 31, 2020).

 

You can learn more about this opportunity and apply online hereApplications are due on July 8th by 4 pm. Please contact Nelle Hanig, Business Programs Manager, Economic Development Department, at nrh@portlandmaine.gov with any questions.

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