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U. S. Small Business Administration
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PublishedJanuary 15, 2021
Maine lenders ready for second round of Paycheck Protection Program
The federal program, renewed as part of an economic stimulus package passed last year, can provide up to $284 billion in loans.
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PublishedDecember 9, 2020
Pingree presses federal agency to investigate relief loan to Maine business that may not exist
The congresswoman wants answers about a $1.2 million Paycheck Protection Program loan to Common Ground Organic Farm, which organic farmers including Pingree had never heard of before the Portland Press Herald reported on it.
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PublishedJuly 7, 2020
Errors cloud emergency loan program’s impact on Maine jobs
The U.S. Small Business Administration has made unverified claims about the number of jobs retained in Maine because of the Paycheck Protection Program.
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PublishedMay 27, 2020
Maine companies in bankruptcy sue federal agency for denying them emergency loans
The three companies say they were unfairly denied Paycheck Protection Program funds because they are in Chapter 11 reorganization.
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PublishedMay 18, 2020
Nonprofit lenders in Maine attempt to fill gaps between federal bailout programs
Three community development organizations have SBA-backed loans available for business borrowers.
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PublishedApril 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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PublishedApril 27, 2020
Federal loan program changes rules to benefit seasonal businesses
As of Monday, the federal Paycheck Protection Program is allowing seasonal businesses to calculate their loan amounts based on expenses from last summer.
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PublishedApril 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.
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PublishedApril 10, 2020
Emergency loans to Maine small businesses exceed $1 billion
More than 5,300 businesses had been approved as of Friday morning for federally backed Paycheck Protection Program emergency loans.
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PublishedJanuary 22, 2020
Three decades late, Small Business Administration eyes help for rural Maine
Federal bureaucrats never established the Office of Rural Affairs when it was mandated in 1990, but after a California representative took action to get it going, financial assistance for business development in states like Maine may finally get off the ground.
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