136 area businesses, nonprofits each received COVID-19 loans of $150K to $5 million

Wed, 07/08/2020 - 10:30am

WASHINGTON, D.C. — The U.S. Small Business Administration, in consultation with the Treasury Department, has released detailed information about Paycheck Protection Loan (PPP) recipients. 

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. This loan provides small businesses, including eligible self-employed individuals, with funds to cover payroll costs including benefits, utilities, mortgage interest and rent. The SBA will forgive loans if the criteria of the loan is met. 

For recipients receiving loans of more than $150,000, the SBA has released the business names and the range of the loan they were approved for. These range categories account for nearly 75 percent of the total loan dollars approved nationwide, according to the SBA. 

PPP loans are not made by SBA, but by lending institutions and then guaranteed by SBA.

Accordingly, borrowers apply to lenders and self-certify they are eligible for PPP loan, according to the SBA. The self-certification includes a good faith certification that the borrower has economic need requiring the loan and that the borrower has applied the affiliation rules and is a small business. The lender then reviews the borrower’s application, and if all the paperwork is in order, approves the loan and submits it to SBA.

The following is a rundown of the businesses falling within the Penobscot Bay Pilot coverage area (Knox County, Waldo County and Waldoboro in Lincoln County) that received PPP loans greater than $150,000. 

One hundred thirty six area businesses received more than $150,000 from the federal government through the PPP program. 

Rockland establishments received the most loans exceeding $150,000 with 29 businesses surpassing the $150,000 mark. Rockport had 18 businesses, Belfast had 16 and Camden had 15. 

The following employers receiving more than $150,000 in loans from the SBA were able to retain a combined 6,478 jobs, at a combined average of 47.63 jobs per organization.

Belfast
Front Street Shipyard: $1 million to $2 million
Mathews Brothers Company: $1 million to $2 million
Tall Pines Healthcare: $350,000 to $1 million
Waldo Community Action Partners: $350,000 to $1 million
Maine Farmland Trust: $350,000 to $1 million
Belfast Cooperative Store: $350,000 to $1 million
Penobscot McCrum: $350,000 to $1 million
Belfast Dental Care: $150,000 to $350,000
Belfast Variety: $150,000 to $350,000
Dutch Chevrolet Buick, Inc.: $150,000 to $350,000
Waldo County Young Mens Christian: $150,000 to $350,000
G+O Logic: $150,000 to $350,000
Mountain House, Inc.: $150,000 to $350,000
Opal Global: $150,000 to $350,000
Front Street Rub: $150,000 to $350,000

Camden
Green With Envy Salon, P.C.: $350,000 to $1 million
Atlantic Academy: $150,000 to $350,000
Camden Law LLC: $150,000 to $350,000
The Free Press: $150,000 to $350,000
French and Brawn, Inc: $150,000 to $350,000
Maine Coast Construction Corporation, $150,000 to $350,000
P.G. Willey & Co.: $150,000 to $350,000.
Port Clyde Seafood Co.: $150,000 to $350,000
Breda LLC: $150,000 to $350,000
Brimstone Management, Inc.: $150,000 to $350,000
North Winds, Inc.: $150,000 to $350,000
Gartley & Dorksy Engineering and Surveying: $150,000 to $350,000
Courier Publications LLC: $150,000 to $350,000

Cushing
Donald Meklin & Sons Excavation LLC: $150,000 to $350,000 

Hope 
Pine Ridge Carpentry: $150,000 to $350,000

Islesboro
Pendleton Yacht Yard: $150,000 to $350,000

Liberty
Evergreen Home Performance: $150,000 to $350,000
Revision Energy: $2 million to $5 million

Lincolnville
Yachting Solutions: $350,000 to $1 million

Morrill
Ironwood Maine: $350,000 to $1 million 

Northport
Taylor-Made Builders: $150,000 to $350,000

Owls Head
Owls Head Transportation Museum: $150,000 to $350,000
Jake Barbour: $150,000 to $350,000

Rockland
Maritime Energy: $1 million to $2 million
North End Composites LLC: $1 million to $2 million
Beatha Agency: $350,000 to $1 million
EA Acquisition: $350,000 to $1 million
Home Counselors: $350,000 to $1 million
Island Institute: $350,000 to $1 million
Knox County Homeless Coalition: $350,000 to $1 million
Prock Marine Company: $350,000 to $1 million
Rockland Marine: $350,000 to $1 million
Steel Pro: $350,000 to $1 million
Farnsworth Library and Museum: $350,000 to $1 million
Aquatic Technology: $150,000 to $350,000 
Bartlett Woods: $150,000 to $350,000
Bean Maine Lobster: $150,000 to $350,000
Breakwater Design and Build: $150,000 to $350,000
Eastern Tire Service: $150,000 to $350,000
Everett L. Spear, Inc.: $150,000 to $350,000
Ferraiolo Construction, Inc.: $150,000 to $350,000
Fuller Chevrolet-GMC, Inc.: $150,000 to $350,000
George C. Hall & Sons: $150,000 to $350,000
Home Kitchen Cafe: $150,000 to $350,000
Hurricane Island Foundation: $150,000 to $350,000
Imagineering, Inc., $150,000 to $350,000
Miranda, Inc.: $150,000 to $350,000
Primo: $150,000 to $350,000
Redzone Wireless LLC: $150,000 to $350,000
Renee Philbrook, Inc. $150,000 to $350,000
Strout & Payson: $150,000 to $350,000
Lowe Hardware: $150,000 to $350,000

Rockport
Rockport Marine: $150,000 to $350,000
Rockport Granite: $150,000 to $350,000
Pen Bay YMCA: $350,000 to $1 million
Team Prior Inc.: $1 million to $2 million
Pen Bay Builders: $150,000 to $350,000
Maine Sport Outfitters: $150,000 to $350,000
Farley, Inc.: $350,000 to $1 million
Down East Enterprise: $350,000 to $1 million
Samorock LLC: $1 million to $2 million
Maine Media College: $150,000 to $350,000
Glen Cove Dental Associates: $150,000 to $350,000
DLTC Healthcare: $1 million to $2 million
Bella Point Healthcare: $350,000 to $1 million
BFLI Nursing Home: $350,000 to $1 million
Acadia Center: $150,000 to $350,000
Pen Bay Builders, Inc.: $150,000 to $350,000
Realty Resources Management: $350,000 to $1 million
Camden Point Healthcare: $150,000 to $350,000
The Penobscot Company, Inc., $150,000 to $350,000

Searsmont
Robbins Lumber: $1 million to $2 million

Searsport
Tozier’s Family Market: $150,000 to $350,000
Hamilton Marine: $350,000 to $1 million
GAC Chemical Corporation: $1 million to $2 million
SunDog Solar: $150,000 to $350,000

South Thomaston
Ask For Home Care: $150,000 to $350,000
Waters Aero Marine: $150,000 to $350,000

Swanville
Anglers: $150,000 to $350,000

Tenants Harbor
Harbor Builders Associates: $150,000 to $350,000  

Thomaston
Lyman Morse Boatbuilding: $1 million to $2 million
Shepard Motors: $350,000 to $1 million
Brooks, Inc.: $350,000 to $1 million
True Trusty Dental Group LLC: $350,000 to $1 million
Shepard Cars: $150,000 to $350,000
Dream Local Digital Ltd: $150,000 to $350,000
Thomaston Place Auction Galleries, Inc.: $150,000 to $350,000
Epifanes North America: $150,000 to $350,000
Rockland Ford: $150,000 to $350,000
TLNK LLC, $150,000 to $350,000

Thorndike
Center Point: $350,000 to $1 million

Troy
Waldo County Oil & Propane: $150,000 to $350,000

Union
Union Farm Equipment: $350,000 to $1 million

Unity
Unity College: $2 million to $5 million
Maine Organic Farmers and Gardeners Association: $350,000 to $1 million
Amjosa Maple: $150,000 to $350,000
Unity Shop n Save: $150,000 to $350,000
Ferriera Trucking: $150,000 to $350,000

Waldo
Nautilus Seafood and Grill: $150,000 to $350,000
Ingredients Solutions: $150,000 to $350,000

Waldoboro
Moody’s Diner: $350,000 to $1 million
Atlantic Laboratories: $150,000 to $350,000
Dow Furniture: $150,000 to $350,000
Northeast Transport: $150,000 to $350,000
Moose Crossing Garden Center: $150,000 to $350,000
Tucker Chevrolet: $150,000 to $350,000
Welm Inc: $150,000 to $350,000

Warren
Horch Roofing: $350,000 to $1 million
Knox Machine Company: $350,000 to $1 million
Lie-Nielsen Toolworks: $350,000 to $1 million
Maine Natural Health: $350,000 to $1 million
Ahlholm Inc aka Beth’s Farm Market and White Oak Farms: $150,000 to $350,000

Washington
CTL Land Management Services: $150,000 to $350,000

West Rockport
Seacoast Security: $1 million to $2 million
Mount Pleasant Dental Care: $150,000 to $350,000

Winterport
Oliver Associates: $350,000 to $1 million
Wellman Paving: $350,000 to $1 million
DM & J Waste Management: $150,000 to $350,000
The Manasseh Group: $150,000 to $350,000