Mainers are resilient. Along with the rest of the country, however, too many Mainers continue to struggle in this tough economy. Senator Collins believes that putting people back to work is the key to improving our economic recovery and should remain our number one goal. With this goal in mind, Senator Collins has offered or supported legislation aimed at providing tax relief, cutting red tape, and investing in a 21st century workforce.

Seasonal Small Businesses Receive Additional Flexibility in Calculating Maximum PPP Loan Amounts

Washington, D.C.—U.S. Senator Susan Collins, a member of the Small Business Coronavirus Task Force, announced today that Treasury has released a new rule that will provide greater flexibility to seasonal businesses applying for forgivable PPP loans.  Senator Collins, the co-author of the Paycheck Protection Program (PPP), has been pushing for greater flexibility for small, seasonal businesses.

 

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Paycheck Protection Program Loans Reach $2.22 Billion for 16,196 Maine Small Employers

Across the country, more than one million small employers have been approved for PPP loans

 

Washington, D.C.— U.S. Senator Susan Collins announced today that $2.22 billion in forgivable Paycheck Protection Program loans have been approved for 16,196 small employers in Maine.  Nearly 100 different Maine lending institutions are currently participating in the program and working around the clock to disburse this funding as quickly as possible. 

 

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Senator Collins Appointed to Bipartisan Presidential Task Force Focused on How to Safely Re-Open the U.S. Economy

Washington, D.C.—U.S. Senator Susan Collins, a member of the Senate Health Committee, was appointed by President Trump to serve on a COVID-19 Task Force comprised of a bipartisan group of Senators and Members of the House of Representatives.  The purpose of the Economic Recovery Initiative is to provide counsel to the President on how to safely re-open the American economy.  

 

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Nearly $2 Billion in Paycheck Protection Program Loans Approved for 12,364 Maine Small Employers

Nearly $2 Billion in Paycheck Protection Program Loans Approved for 12,364 Maine Small Employers

  

Washington, D.C.— U.S. Senator Susan Collins announced today that 12,364 small employers in Maine have been approved for $1.98 billion in forgivable Paycheck Protection Program loans.  Dozens of Maine lending institutions are currently participating in the program and working around the clock to disburse this funding as quickly as possible. 

 

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Maine Small Business Owners Praise Paycheck Protection Program

Washington, D.C.— Across Maine, small employers are giving high praise to the Paycheck Protection Program, which is helping their businesses to stay afloat and allowing them to keep paying their employees during the financial hardship caused by COVID-19.  Senator Collins announced yesterday that 11,088 Maine Small Employers are set to receive $1.87 billion in Paycheck Protection Program loans.

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Senator Collins Announces 1,800+ Maine Small Businesses Have Been Approved for Over $510 Million in PPP Loans

Washington, D.C.—U.S. Senator Susan Collins announced today that, since Friday morning, 1,816 small businesses in Maine have been approved for $510,891,620 in forgivable loans through the Payment Protection Program she co-authored. 

 

Dozens of Maine-based lending institutions are currently participating in the program, and many banks and other lending institutions worked through the weekend to help small employers.  

 

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SBA, Treasury Roll Out Information for Small Employers and Lenders to Participate in $350 Billion Loan Program

UPDATE: Information for Small Businesses about the Payment Protection Program from the U.S. Treasury click HERE. (4/3/2020)

 

Washington, D.C.—U.S. Senator Susan Collins announced today that the Small Business Administration (SBA) and the Department of Treasury released new information that will allow lenders to begin accepting applications and disbursing loans to assist small employers that have been harmed by the COVID-19 pandemic. 

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Senator Collins Announces $300 Million for Fishing Industry Included in Phase 3 Coronavirus Response Package

Washington, D.C.—U.S. Senator Susan Collins, a senior member of the Appropriations Committee, announced today that the Phase 3 coronavirus package that passed the Senate unanimously last night included $300 million for assistance to fishermen and fishery-related businesses such as harvesters, processors, and aquaculture operations affected by COVID-19, which may include direct relief payments.  The bill is expected to pass the House today before heading to the President’s desk to be signed into law.

 

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$377 Billion for American Workers, Small Businesses in Phase 3 Emergency Coronavirus Relief Package

Washington, D.C. — U.S. Senators Susan Collins (R-ME), Marco Rubio (R-FL), Ben Cardin(D-MD), and Jeanne Shaheen (D-NH), leaders of the Small Business Task Force, released the final bipartisan small business emergency economic relief plan that provides more than $377 billion for small businesses to meet their payroll and expenses and receive education and assistance throughout the coronavirus pandemic. 

 

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More than 100 Maine Small Businesses—and Counting—Express Strong Support for Senator Collins’ Sweeping $300 Billion Economic Relief Plan

Click HERE to read the letter

 

Washington, D.C.—A group of 115 Maine small businesses in the hospitality industry wrote to Senator Collins to convey their strong support for legislation she authored with Senator Marco Rubio (R-FL) that would help prevent Americans from losing their jobs and keep small businesses from going under as a consequence of the coronavirus pandemic.

 

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Senator Collins Introduces $300 Billion Emergency Coronavirus Relief Package

Washington, D.C. — U.S. Senator Susan Collins (R-ME), the Chairman of the Aging Committee; Marco Rubio (R-FL), the Chairman of the Senate Committee on Small Business and Entrepreneurship; and Lamar Alexander (R-TN), the Chairman of the Senate Committee on Health, Education, Labor, and Pensions, released the Keeping Workers Paid and Employed Act, a $300 billion small business emergency economic relief plan that will help small businesses impacted by the coronavirus pandemic make payroll and cover expenses.

 

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