MaineStream Finance

Article Title: COVID-19 Updates

Article Content

With COVID-19 on everyone’s mind, MaineStream Finance and Penquis have taken measures to ensure the health and safety of our families, friends, and clients in Maine by moving to virtual operations. During this time, all MaineStream Finance & Penquis economic development operations will operate as usual with the exception of in-person classes and appointments – all classes and appointments will take place virtually. Below are some efforts we have been a part of during this time and how to reach our team.


We have created special resource pages for Mainers wanting to learn more or access services on Housing, Personal Finance, Small Business and New Mainers. Also, check out our news and blog sections.

New Products

SMALL BUSINESS BOOSTER LOAN: We have launched a $10,000 booster loan for Maine small businesses, particularly for the self-employed who were not able to access other SBA programs during the COVID-19 Crisis. Learn more here.

SMALL BUSINESS POWERUP GRANT: With generous support from Machias Savings Bank, MaineStream was able to help 10 business owners with a $500 grant to pay for needed expenses, such as updating their website/selling online, social media, updating your IT equipment, software, etc. to reopen, follow State checklists, or pivot their business. The grant portion of this program has closed, but we continue to provide COVID-related technical assistance to Maine small businesses for adapting and pivoting. FMI visit our business advisory page.


Moving Classes & Workshops Online

HOME BUYER EDUCATION: For all Mainers seeking Home Buyer Education classes you now have two choices again:

SMALL BUSINESS WORKSHOPS

Several of our workshops will be held online throughout the Spring and Summer of 2020.  Click on the links below for more information.  


Contact Us

Please contact the following for assistance:

Want a quick question answered or link to the right resource? Message us on Facebook @mainestreamfinance / MaineStream Finance. We will be monitoring comments, chat, and the message inbox on our page here M-F 8 AM – 4:30 PM each week!


MaineStream Finance and/or Penquis have signed on to the following initiatives during this time:

Community Development Financial Institutions (CDFI)-related

Housing Counseling – Homeownership and Renter protections

Personal Finance – Financial Coaching

Nonprofit – Health and Racial Equity Related