Funding Programs

Funding & Loan Programs

The Economic and Community Development Department provides the following loan programs available for the Skowhegan Citizens or Businesses. When new programs are developed they will be posted here.

Housing Program

Listed here are both the guidelines and application for the housing program:

Heating - This program is for low and moderate income families that need help with their heating system. View program guidelines. View application.
Single Family Rehab. Program - This program is to help low and moderate income families do rehabilitation of their homes. View program guidelines. View application.
Rental Rehab Program - This program is to help landlords perform rehabilitation of their apartments. View program guidelines. View application.

Business Loan Program

Emergency Pandemic Funding

The Skowhegan Economic Development Corp has funded a emergency low interest loan fund for Skowhegan businesses. Up to $7500 is available for a 10 year term with a fixed interest at 2.75%, and the first year delayed payments as an option. See application below, return to jhewett@skowhegan.org

Application

Listed here are both the guidelines and application for businesses located in Skowhegan or looking to relocate here:

Micro Loan Program - This program is for small business that needs no more than $5000. View program guidelines. View application.
Revolving Loan Fund Program - This program is for larger businesses that need funding between $5,000 and $100,000. View program guidelines. View application.