small business
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PublishedMay 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.
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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
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.
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PublishedApril 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.
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PublishedApril 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.
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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 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.
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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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PublishedMarch 23, 2020
Being in limbo compounds pandemic stress for small business owners
Many businesses have closed, laid off workers and are wondering when, or if, they will reopen.
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PublishedDecember 12, 2019
Bangor retailer wins KeyBank award
The Willie Wags uses it customer base to support women-owned business and Maine-made products.
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