Maine’s Sen. Angus King introduced a companion bill to the House-passed bill last week, but it’s unclear whether the Senate will take up that version.
small business
Posted inBusiness, Nation & World, Politics
House to vote on targeted fixes for small-business loan program
The stand-alone bill would make changes to the small-business loan program sought by hotels, restaurants and other industries.
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Posted inBusiness, Local & State, News
Nonprofit lenders in Maine attempt to fill gaps between federal bailout programs
Three community development organizations have SBA-backed loans available for business borrowers.
Posted inBusiness, Local & State
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.
Posted inBusiness, Local & State, News
Mentors helping Maine small businesses pivot to survive
Many small businesses are faced with a seemingly impossible situation, and are transforming themselves in response.
Posted inPortland Forecaster
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.
Posted inBusiness, Local & State, News
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.
Posted inBusiness, Nation & World, News
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.
Posted inBusiness, Nation & World, News
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.
Posted inBusiness, Nation & World
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.