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Small business

Published
May 14, 2020

Maine among states receiving highest percentage of pandemic loans, survey shows

Oil extraction and mining businesses had the best success in getting loans from the Paycheck Protection Program.
Published
May 11, 2020

Mentors helping Maine small businesses pivot to survive

Many small businesses are faced with a seemingly impossible situation, and are transforming themselves in response.
Published
May 5, 2020

City offers financial aid for local businesses

The loans, made available through funding from the Portland Development Corporation, will help businesses impacted by the coronavirus pandemic to hire or retain staff and reopen.
Published
May 4, 2020

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

Small employers in the state have received a total of $2.55 billion in Paycheck Protection Program loans since the federal program began.
Published
April 28, 2020

Facing uproar over small-business program, White House vows to review who’s getting loans

The Trump administration scrambled to address mounting criticism of a new program that some big companies used to obtain taxpayer-backed loans.

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Published
April 27, 2020

Thousands already lined up for $310 billion in small business loans. The money could run out in days.

Lenders say they already have thousands of applications cued up, and some have developed technology to make it easier to file loan applications in the SBA's computer systems.
Published
April 24, 2020

Small businesses, banks brace for mad dash as $310 billion loan program rolls out

The owner of a boatyard near Bar Harbor who missed out on the first round of funding is among those in line for the next.
Published
April 22, 2020

Many small businesses say loans won’t get them to rehire

Many are unsure they will be able to reopen 8 weeks from now, as the loan terms require.
Published
April 21, 2020

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

Paycheck Protection Program funding totals nearly $2.25 billion in Maine to date, according to U.S. Sen. Susan Collins' office.
Published
April 19, 2020

Bath offering loans for small businesses struggling amid pandemic

Sally Johnstone, vice president of Main Street Bath and a member of Bath’s Economic Development Committee, said the committee wanted to help local businesses who are stuck waiting for federal loans that may never come.