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Help My Business Now! New Funding and Resources Information Session
Tuesday, February 02, 2021, 08:30am - 10:00am
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Contact Kennebec Valley Council of Governments (KVCOG)

KVCOG is proud to announce a new Business Financing opportunity through the CARES Act; $670,000 to expand KVCOG’s Revolving Loan Fund (RLF). These funds will allow KVCOG to make significant new investments in our regional economy by supporting small businesses, employment, and entrepreneurship in the Kennebec Valley.

As an important contact for businesses within our region, we are extremely hopeful that the Kennebec Valley Chamber of Commerce will help us to get the word out about this new business financing opportunity, as well as a virtual information session, to be held on February 2nd.  

New to this CARES Act RLF is the availability of extremely favorable terms including interest rates as low as 0% and waiver of typical RLF requirements, such as providing leveraged capital or proving credit unavailability. To be eligible for this new Revolving Loan Fund, businesses must be located in Kennebec, Somerset, or western Waldo Counties. More information, including the application for funding, can be found at www.kvcog.org/rlf.

In conjunction with this new RLF program, KVCOG is pleased to partner with the SBA to offer the first in our new Resiliency Series! This series is designed to highlight different aspects of Resiliency throughout 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 is titled “Help My Business Now!” and will provide an overview of this new funding opportunity including guidance on how these funds can best be utilized. This session will feature William Card, Economic Development Specialist, 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. 

What:

Help My Business Now! New Funding and Resources Information Session
In partnership with the Mid-Maine Chamber of Commerce and the Somerset Economic Development Corporation, Featuring SBA’s William Card

Format:

Free Virtual Session & Q&A

When:

February 2, 2021 from 8:30 – 10:00 am

Where:

Virtual session hosted on Zoom.

RSVP:

Register in advance and receive a confirmation email containing information joining: https://us02web.zoom.us/meeting/register/tZwvdOytrT0vGdz72gOPhfRr4JYoCMjKoRKR