STEP Financial Assistance Awards

STEP Financial Assistance Awards

Funder: Maine International Trade Center (MITC), administered through U.S. Small Business Administration (SBA) State Trade Expansion Program (STEP)

Status: Actively accepting applications through June 30, 2026

Activity Period for Projects: Through September 1, 2026

Overview

Eligibility

• Location: Maine-based small business
• Business History: In business for at least 1 year
• Intent: Seeking new international sales
• SBA Eligibility: Must be SBA-eligible

Award Details

• Award Amounts: $5,000 minimum to $10,000 maximum
• Match Requirement: 25% company match required; reimbursement covers 75% of eligible activity costs
• Example: To receive $5,000 reimbursement, must submit at least $6,700 in paid invoices for eligible expenses
• Review Process: First-come, first-served basis for as long as funding is available; competitive review considering strength of project description, company location, and past funding received

Reimbursement Structure

• Reimbursement-Based: Company must cover 100% of activity costs upfront
• Timing: Funds may not be used for activities completed before award notification date
• Project Conduct: Company must conduct project activity within stated timeframe after award notification

Eligible Funding Categories & Activities

Includes costs associated with:
• International trade shows and exhibitions (e.g., B2B matchmaking events, Seafood Expo Global)
• Export compliance audits
• Market research and entry planning
• Targeted countries (must specify at least one country in application)
• Activities that build export capacity

Important Notes

• Federal Funding Contingency: All reimbursements contingent upon MITC receiving requested funds from SBA. MITC unable to provide reimbursements if federal funds not received.
• Advance Application Required: Companies must apply in advance; funds not available for completed activities
• Geographic Scope: Activities must target at least one specific country

Contact Information

Address: Maine International Trade Center, 2 Portland Fish Pier, Suite 204, Portland, ME 04101

Recommendation: Meet with MITC Trade Specialist before submitting application to discuss project eligibility