Many businesses report poor sales and low customer counts as the coronavirus pandemic continues to strangle commerce.
small business
Posted inBusiness, Local & State
After 33 years, cobbler is stepping away from landmark shop in Westbrook
Paul Rowland is selling his trailer and property, and moving Paul’s Shoe Repair to his garage in Lisbon, where he and his wife moved to be closer to their children and grandchildren.
advertisement
Posted inBusiness, Local & State, News
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.
Posted inBusiness, Nation & World
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.
Posted inBusiness, Nation & World, Politics
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.
Posted inBusiness, Local & State, News
Nonprofit lenders in Maine attempt to fill gaps between federal bailout programs
Three community development organizations have SBA-backed loans available for business borrowers.
Posted inBusiness, Local & State
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.
Posted inBusiness, Local & State, News
Mentors helping Maine small businesses pivot to survive
Many small businesses are faced with a seemingly impossible situation, and are transforming themselves in response.
Posted inBusiness, Local & State, News
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.
Posted inBusiness, Local & State, News
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.