Senator Collins Visits Bangor Letter Shop

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Bangor, ME — This afternoon, U.S. Senator Susan Collins visited the Bangor Letter Shop, which provides design, copy, print, and mail services.  The Bangor Letter Shop received a forgivable loan through the Paycheck Protection Program, which was co-authoredby Senator Collins. 

“Since 1980, the Bangor Letter Shop has been committed to supporting local businesses, giving back to their community, and strengthening the local economy,” said Senator Collins.  “I am pleased that the Bangor Letter Shop was awarded a forgivable PPP loan, which helped to keep their dedicated employees paid and cover their rent during the economic crisis caused by COVID-19.”

The Paycheck Protection Program has been a tremendous success, providing more than $525 billion in forgivable loans to more than 5.2 million borrowers nationwide since its launch in early April.  In Maine, more than 28,000 small businesses and self-employed individuals have received nearly $2.3 billion in forgivable loans, which has helped to support approximately 240,000 jobs throughout the state. 

To support the hardest-hit small employers and their employees, Senators Collins and Marco Rubio (R-FL) introduced legislation that would allow the most severely affected small businesses to receive a second PPP loan.  In general, eligible small employers with 300 or fewer employees that have suffered a 35 percent revenue decline could apply for a second forgivable loan.  

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