Nearly 17,000 Maine small businesses have received federal emergency loans so fa

Nearly 17,000 small businesses in Maine have received emergency loan funding totaling nearly $2.25 billion through the federal Paycheck Protection Program, U.S. Sen. Susan Collins’ office said Tuesday. Throughout New England, nearly 107,000 businesses received forgivable loans totaling $20.8 billion through the program, part of the federal CARES Act passed in late March, according to the U.S. Small Business Administration. “The Paycheck Protection Program is saving millions of jobs and providing much-needed relief to help New England’s sm ...

Nearly 26,000 Maine small businesses have received federal emergency loans

Nearly 26,000 small businesses in Maine have received a total of $2.55 billion in forgivable Paycheck Protection Program loans since the federal assistance program began, Sen. Susan Collins’ office said. The program designed to help small businesses and their employees weather the coronavirus pandemic granted 9,026 Maine small employers roughly $317.2 million in loans during the second round of funding last week, Collins’ office said. That brings the total to 25,695 Maine small employers having received loans. ...

Over 1,000 small businesses in Maine qualify for payroll protection loans

More than 1,000 small businesses in Maine have been deemed eligible to receive funding... 160 small-business paycheck protection loans worth about $43.8 million, according to Bill Lucy...

Small business owners need cash now. But they don’t know when it will come | CNN

The biggest lifeline in the economic aid package for small businesses – $350 billion in forgivable loans – may be too little, too late for many.

Maine Small Businesses Have Received Mor... | U.S. Senator Susan Collins

Washington, D.C.—One year ago today, U.S. Senators Susan Collins (R-ME) and Marco Rubio (R-FL) unveiled their plan for a forgivable loan program to help keep small businesses afloat and their workers paid during the pandemic. This plan became the Paycheck Protection Program (PPP), which they co-authored with Senators Ben Cardin (D-MD) and Jeanne Shaheen (D-NH). To date, nearly 39,500 forgivable loans totaling more than $3 billion have been approved for Maine small businesses. “One year ago t...

Maine’s small-business sector still in crisis after reopening

The bulk of Maine’s commercial sector has been reopened for months, but many small-business owners say they are hanging on for dear life amid low consumer demand, tough health and safety...

Small Business Loan Statistics And Trends 2024 – Forbes Advisor

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Owners of Maine small businesses cite shortfalls in coronavirus aid program

As Congress prepares another round of support to small businesses worth hundreds of billions of dollars, some Maine companies say more help is needed. The U.S. Senate on Tuesday passed a $480 billion package that includes $320 billion for the Paycheck Protection Program, or PPP, a U.S. Small Business Administration vehicle that delivers forgivable loans to companies with 500 or fewer employees to keep workers on the payroll and cover expenses until normal business can resume. The new bill includes $60 billion especially for small banks and cred ...

As paralysis grips Maine’s small businesses, policymakers pursue major relief

Maine small businesses are reeling as revenue evaporates amid the state’s aggressive... Susan Collins, R-Maine, to draft a plan for forgivable business loans strictly to cover payroll. In...

Business Loans | NMDC

Northern Maine Development Commission (NMDC) is here to help you navigate the process of applying for business loans in Aroostook, Washington, Northern Peno ...