The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
| Name of Borrower | Current Approved Amount |
|---|---|
| Letter Systems, Inc. | $2,000,000 |
| Kennebec Technologies | $747,500 |
| Maine Vocational Associates, Inc. | $726,490 |
| STC New England, LLC | $594,889 |
| Children's Center: Early Intervention | $467,350 |
| Maine Service Employees | $436,572 |
| MVA, Inc. | $400,000 |
| Protocall Contact Services, Inc. | $343,212 |
| Gallant Therapy Services | $336,542 |
| School New England, LLC | $323,009 |
| Kennebec Valley Ymca | $310,524 |
| Graham Behavioral Services, Inc. | $300,303 |
| Ganneston Construction Corporation | $273,935 |
| Family Planning Association of Maine, Inc. | $250,000 |
| Quarry Tap Room, LLC | $234,300 |
| Gills Augusta, Inc. | $221,172 |
| Atlee Gleaton Eye Care PA | $212,600 |
| Augustres, LLC | $211,858 |
| Mainex | $207,300 |
| Encore Bowling, Inc. | $200,700 |
| Evergreen Dental Associates, LLC | $182,900 |
| Maine State Chamber of Commerce | $182,575 |
| Electronic Mobility Controls, LLC | $181,356 |
| Family Dental Practice, LLC | $180,300 |
| Blane Casey Building Contractor, Inc. | $179,800 |
| Kennebec Valley Family Dentistry | $171,210 |
| Hasenfus Family Dental, LLC | $171,097 |
| Kennebec Valley Detailers, LLC | $170,100 |
| Augusta Pancake, LLC | $169,473 |
| Smart Vision, LLC | $168,200 |
| Maine Instrument Flight | $167,510 |
| Bread of Life Ministries | $166,300 |
| Allen's Transfer & Storage | $166,000 |
| Direct Community Care PA, LLC | $154,322 |
| Light of Life Ministries, Inc. | $151,427 |
| Pauline Richards | $146,895 |
| Grace Hospitality Associates, Inc. | $145,800 |
| Kids Count Child Care, LLC | $145,663 |
| Be Well My Friend, LLC | $143,535 |
| Kennebec Internal Medicine | $133,485 |
| Lisa's Restaurant & Lounge, LLC | $131,540 |
| Maine Health Care Association | $127,693 |
| Gog Enterprises, LLC | $122,864 |
| Delphine, Inc. | $116,160 |
| C & L, Inc. | $115,800 |
| Kennebec Valley Humane Society | $110,500 |
| Augusta Dental, PC | $109,812 |
| The Maine Conference of the UCC | $108,015 |
| Chen CHI Sushi, Inc. | $101,150 |
| G&G Enterprises, LLC | $97,437 |
| Hospitalitymaine | $94,718 |
| Union Local 716 | $93,389 |
| Ua Local 716 | $93,388 |
| Maine Principals' Association | $92,772 |
| Mmta Services, Inc. | $91,895 |
| Marshall Communications, Inc. | $87,500 |
| Maine Children's Alliance | $85,500 |
| Penobscot Children's Dentistry Association PA | $83,855 |
| Pinnacle Tree, LLC | $82,774 |
| Robert a Patenaude PA, D.D.S. | $81,047 |
| Clark Garage Company, Inc. | $75,000 |
| Form Partner, Inc. | $74,700 |
| Richard Desjardins | $73,941 |
| Christopher R Logan PC, D.M.D. | $73,523 |
| Ahop2, LLC | $70,800 |
| Apple N Spice Donuts, LLC | $70,571 |
| Qasim Saesah | $70,270 |
| KDT Enterprises | $68,739 |
| Kennebec Property Services, LLC | $68,000 |
| Maine AFL Cio | $64,422 |
| Eugene H Glad P. A, D.M.D. | $61,635 |
| Vallee Configurations, Inc. | $61,500 |
| Le Club Calumet | $60,900 |
| Dale Rodrigue Eye Center, Inc. | $56,400 |
| C and M Enterprises | $55,862 |
| Kennebec Valley Chamber of Commerce | $53,800 |
| Riverside Donuts, LLC | $53,312 |
| KV Tooling Systems, LLC | $53,155 |
| Endodontic Solutions, P.C. | $52,500 |
| Retail Association of Maine | $51,800 |
| Andrew T. Smith | $51,275 |
| First Amendment Museum | $50,800 |
| Minuteman Signs, Inc. | $49,600 |
| The Wolfington Group, Inc. | $48,460 |
| Kennebec 168, Inc. | $43,000 |
| Pine Tree Frosty, Inc. | $42,117 |
| Jacob Michaud | $40,000 |
| Maine Women's Lobby Education Fund | $38,447 |
| Margaret Batchelder | $37,301 |
| Farris Foley & Dick | $37,209 |
| Wander Pizza Company, LLC | $36,292 |
| Sai Ram | $35,567 |
| SDP Management, Inc. | $35,213 |
| Associated General Contractors of Maine | $34,950 |
| First United Pentecostal Church of Augus | $33,800 |
| Kennebec Valley Tennis Association | $31,600 |
| Growsmart Maine | $31,555 |
| Maine Water Utilities Association | $31,238 |
| Hollywood Nails & Spa Corporation | $30,000 |
| Fnu Lhamo Gya | $29,166 |
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