CDBG Microenterprise Grants
Goal of the program: To help low-to-moderate income microbusinesses start or grow a business with up to a $10,000 forgivable loan.
Eligibility Requirements:
1) Must meet with a business advisor through the Maine Small Business Development Center (SBDC) to confirm eligibility before receiving an application;
2) Must have 5 or fewer employees, including all owners, at time of application;
3) Low to moderate household income of all owners and all adult household members for the previous 12 months (see table below for income requirements);
4) Must have a Unique Entity ID (UEI). The federal government no longer uses DUNS numbers; click here to learn more about the transition to UEI. Your SBDC advisor can help with obtaining a UEI; and
5) Cannot have received a previous CDBG grant at the time of application