Sen. Collins announces over $601 million in PPP loans heading too Maine small employers – About Your Online Magazine

BANGOR, Maine (WABI) – Local businesses across Maine are receiving the assistance they need.

Companies across Maine getting much needed PPP loans

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Companies across Maine getting much needed PPP loans

Wednesday, Senator Susan Collins announced that more than 85 hundred small Maine employers have been approved for a total of more than $ 601 million in forgivable PPP loans.

The money comes from the Salary Protection Program, which was reopened last month.

Starting today, according to a new policy from the Biden Administration, there will be a two-week period during which only companies with fewer than 20 employees can apply for a PPP loan.

Collins says the latest figures show that nearly 1,000 small businesses in Maine received nearly $ 50 million in just one week.

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Paula Fonseca