News

Maine businesses have received millions in PPP loans this year

Maine businesses have received millions in PPP loans this year

Photo: 560 WGAN Newsradio


$601 million has been doled out to companies and non-profits in Maine in the latest round of a federal pandemic relief loan program.

Senator Susan Collins’ office said Wednesday that more than 8,500 Paycheck Protection Program loans have been approved for small employers in Maine since last month.

The program was made to cover the cost of paying employees who are working during the pandemic, as well as other costs like basic expenses and health and safety measures. The loans are forgiven if those businesses spend most of them on employee payroll and follow other program rules.

According to the Portland Press Herald, employers in Maine received $2.3 billion in PPP loans in 2020.

Latest Headlines

4 hours ago in Local

Portland Mayor Says Live Nation Venue Moving Forward After Heavy Opposition

A proposal would require Live Nation to pay a community benefit fee.

6 hours ago in Trending, World

The Louvre reopens 3 days after one of the biggest museum heists of the century

The Louvre reopened on Wednesday to long lines beneath its landmark Paris glass pyramid, just three days after one of the highest-profile museum thefts of the century stunned the world with its audacity and scale.

11 hours ago in Local

Platner Takes Page from Trump Playbook to Keep Up Senate Bid

Platner is the latest Democratic candidate to shrug off dark revelations about their past,

20 hours ago in Local

Man Dies in Down East Maine Crash

The cause of the crash remains under investigation.

20 hours ago in Local

Maine State Worker Resigns After Charges for Comfort Dog’s Death

Brodie Hinckley was placed on administrative leave last month