Maine § 10 §386 Eligible projects

Maine Statutes

§ 10 §386 — Eligible projects

Maine § 10 §386

Title 10COMMERCE AND TRADE

Part 1GENERAL PROVISIONS

Ch. 13SMALL ENTERPRISE GROWTH PROGRAM

This text of Maine § 10 §386 (Eligible projects) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 10, § 10 §386 (2026).

Text

A qualifying venture fund or a qualifying small business may be eligible to receive financial assistance under the program. In order to be eligible for financial assistance under the program, a qualifying venture fund must meet the requirements of section 383, subsection 1‑B. In order to be eligible for financial assistance under the program, a qualifying small business must meet the following criteria.

1.Engagement; involvement. The qualifying small business must be engaged in or involve at least one of the following:

2.Growth; public benefit. The qualifying small business must demonstrate the potential for high growth and public benefit.

3.Need for assistance. The qualifying small business must provide evidence of each of the following:

4.Financing plan. The qualifying small business

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A qualifying venture fund or a qualifying small business may be eligible to receive financial assistance under the program. In order to be eligible for financial assistance under the program, a qualifying venture fund must meet the requirements of section 383, subsection 1‑B. In order to be eligible for financial assistance under the program, a qualifying small business must meet the following criteria.
1.
Engagement; involvement.
The qualifying small business must be engaged in or involve at least one of the following:
2.
Growth; public benefit.
The qualifying small business must demonstrate the potential for high growth and public benefit.
3.
Need for assistance.
The qualifying small business must provide evidence of each of the following:
4.
Financing plan.
The qualifying small business must submit a financing plan as part of an overall business plan. The proposed financing plan must include adequate mechanisms to monitor the accomplishment of the business plan as proposed.
The disbursement may not be used to make distributions to or for the benefit of an owner of the business borrowing from the fund or a related entity.