Program offers loan guarantees to rural businesses that are not eligible for USDA Farm Service Agency loans.

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DACF Bureau of Forestry

Date: May 25, 2020

From: Patty Cormier, Maine State Forester, Bureau of Forestry

To: Forest economy businesses

Subject: Business and Industry CARES Act Program

Rural Maine businesses that are not eligible for USDA Farm Service Agency loans may be able to get funding under the Business and Industry CARES Act Program provisions, which were included in the Coronavirus Aid, Relief and Economic Security Act. Loans must be used as working capital to prevent, prepare for, or respond to the effects of the coronavirus pandemic. The application deadline is June 22, learn more.

USDA is hosting two webinars to provide an overview of program requirements:

Wednesday, May 27 at 3:30 p.m. Register

Wednesday, June 3 at 2:00 p.m. Register