WASHINGTON, D.C. – Since Friday morning, more than 1,800 small business in Maine have been approved for loans to keep their workers employed.
That’s according to Senator Susan Collins, who co-authored the Keeping American Workers Paid and Employed Act.
Sen. Collins says more than $510 million dollars in forgivable loans will be headed to Maine through the Payment Protection Program.
According to a statement from Senator Collins’ office released Monday evening, 1,816 small businesses have been approved for $510,891,620 in loans.
In a statement, the Republican senator also thanked Maine banks and credit unions for working through the weekend to help small businesses and non-profits.
For more information about the act, click HERE.