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