U. S. Small Business Administration
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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 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 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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PublishedOctober 24, 2019
U.S. House passes Rep. Golden’s bill to help federal small business program
A measure by the 2nd Congressional District Democrat to increase funding for the Small Business Development Center program got bipartisan support this week.
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PublishedOctober 22, 2019
SBA-guaranteed loans in Maine drop slightly from previous year
The U.S. Small Business Administration guaranteed a total of $77.1 million in loans in its 2019 fiscal year, down 7 percent from $83.1 million in loans a year earlier.
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PublishedSeptember 13, 2019
Maine receives grant to help exporters
The SBA award is administered by the Maine International Trade Center to help Maine businesses boost sales overseas.