Windham Economic Development Corporation: COVID-19 Disaster Business Loan Fund

The Windham Economic Development Corporation (WEDC) COVID-19 Disaster Business Loan Fund is designed to provide business continuation and recovery funds to existing Windham-based business to assist businesses through these times of economic hardship during the COVID-19 pandemic. There are two types of COVID-19 Disaster Business Loans: Business Continuation; and Business Restart. While the Fund currently does not have a minimum or maximum loan amount it is expected that the loan amounts will range from $5,000 to $20,000.

The Business Continuation Loan is for existing businesses which have remained open but whose operations have been reduced due to Federal, State, or local mandates in reaction to the COVID-19 pandemic.

The Business Restart Loan is for existing businesses which have ceased operations due to Federal, State, or local mandates in reaction to the COVID-19 pandemic and have committed to restarting the business when the mandates are lifted.

“WEDC recognizes the financial impact the COVID-19 pandemic is having and will continue to have on local businesses. We came together with a plan to help local business owners. Local business owners chose Windham as their community and now the community is here to help those businesses.

I want to thank the Windham Economic Development Board for their hard work on putting this plan together. We also want to thank the Windham Town Council and Barry Tibbetts, Town Manager, for providing additional funding for the COVID-19 Disaster Business Loan Fund”, Tom Bartell, Executive Director of WEDC said.

Loan applications will be accepted starting on Monday April 20, 2020 until Friday May 1, 2020. Applications will be processed beginning on Monday May 4, 2020. For more information and to download the application, please go to www.WindhamMaine.us

The completed application and supporting documentation can be emailed to thbartell@windhammaine.us

“Again, our goal is to help Windham business owners with financial assistance to keep their business afloat. Whether you are a sole proprietor, partnership, LLC., or a corporation, please reach out if your business needs financial assistance”, added Bartell.