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.
U. S. Small Business Administration
Downtown businesses hope Brunswick shoppers will stay local this season
Historically, Brunswick has kicked off the season with a huge downtown event drawing between 1,000 and 1,500 people, but with gathering restrictions in place to help prevent the spread of the virus, many of those events have been canceled or gone virtual. Downtown businesses and supporters are hoping that even without it, Brunswick can be a holiday shopping destination, bringing a much-needed pandemic reprieve.
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.
Commentary: Federal COVID response a missed opportunity to help Maine fishermen
With real economic relief and a carefully developed support structure, the seafood industry can feed Americans and jump-start its next stage.
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.
Nonprofit lenders in Maine attempt to fill gaps between federal bailout programs
Three community development organizations have SBA-backed loans available for business borrowers.
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.
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.
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.
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.