Business Lending

Orono Business Relief Loan

UCU and the Town of Orono announced a no-interest relief loan for Orono-based businesses impacted by COVID-19. This includes businesses that have remained open, are planning to reopen, are closed temporarily, or may have furloughed employees.

• Under this program, eligible businesses located within the town of Orono may apply
• Zero-interest loan ranging from $5,000 to $10,000
• UCU originates all loan applications
• Payments will be deferred for the first six months
• Loan applications accepted through December 31, 2020 or while funds are available
• Not a substitute for other federal, state or local COVID-19 relief programs

To learn more or talk specifically about your situation, please don't hesitate to call 207.889.8277 or email.