Micro Loans for Small Business

The Town of Skowhegan, Skowhegan Economic Development Corporation (SEDC), offers small business loans of $5,000.00 or less at low interest rates to Skowhegan businesses.

These funds can be used for the expansion or modernization of a new or existing business, they can be used for start-up capital for new businesses, and they can be used to finance either fixed assets, inventories, or other working capital.

Quick Check

Quick Check is the MicroLoan program for you if you:

• Need a maximum loan of $5000
• Are a small businesses
• Have a net worth less than $100,000
• Are a local Business

Further Information

• Information Flyer - General Information on Program
• Guidelines of Program - Gives the guidelines of the loan program, please review before making application.
• Application for Microloan Program - Fillable application on Micro Loan program
• Requirements of Program - List of Requirements of application