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.

On 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 Payment Check 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.

Copyright 2021 WABI. All rights reserved.

Paula Fonseca