SMPDC Economic Recovery Programs

SMPDC's Economic Recovery Loans 

SMPDC has allocated funds for the establishment of an Economic Recovery Loan Fund program to provide financing to operating businesses with less than 500 employees located in York and southern Oxford Counties. 

  • Low interest, flexible terms
  • Available to businesses and non-profits 
  • SMPDC Region organizations and businesses located in our member towns
  • Funding for pandemic related costs, recovery, and sustaining your business or organization 


Available Loan Options:

  • Loans of up to $25,000
         Reduced transactional costs, speedy approval process
  • Loans over $25,000 and up to $200,000
         Includes underwriting process consistent with SMPDC's current EDA Loan Fund

To apply:


Our team will communicate with you on approval and next steps after review of the application.


CDBG Microenterprise Grants


Goal of the program: To help low-to-moderate income microbusinesses start or grow a business

  • Up to a $10,000 forgivable loan for a business

Eligibility Requirements:

1)   5 or fewer employees including all owners, at time of application

2)   Low to moderate household income for previous 12 months. Of all owners and all adult household members (see chart below for income requirements)

3)   Must meet with a business advisor. The application can not be completed without a connection to an advisor.

4)   Must have a Unique Entity ID (UEI). The federal government no longer uses DUNS numbers, if you need more information on the transition to UEI, go here. Advisor can help obtain a UEI.

5)   Cannot have received a previous CDBG grant at time of application

* Portland Metro includes: Cape Elizabeth, Casco, Chebeague Island, Cumberland, Falmouth, Freeport, Frye Island Gorham, Gray, Long Island, North Yarmouth, Portland, Raymond, Scarborough, South Portland,

Standish, and Westbrook.

* York/Kittery includes: Berwick, Eliot, Kittery, South Berwick, York

SMPDC Region Oxford county towns include: Porter, Hiram, Brownfield, Denmark, Fryeburg, Sweden, Lovell, Stow and Stoneham


**If your business is located in Portland, please apply to Portland's Microenterprise Loan Program** Portland Website and Program Info Here


To apply:

  • Fill out this form and send it to James Rather, at
  • You will then be assigned to an SBDC business advisor and screened for eligibility.