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small business

Published
June 29, 2020

Federal emergency loan program for small businesses ends Tuesday

All remaining loan applications for the Paycheck Protection Program must be submitted by the end of the day.
Published
May 28, 2020

House passes bill to give small businesses leeway on COVID-19 loans

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.
Published
May 20, 2020

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.
Published
May 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.
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.

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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.
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.