Community banks were efficient with PPP loans in Maine – Maine banks helped small businesses stabilize businesses and the economy with hundreds of millions of dollars of forgivable loans, the Portland Press Herald reported. More than 46% of Paycheck …
The Democratic-led house passed its own more than $3 trillion relief bill back in May, which the Senate declined to take up.
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But in Maine, community banks went into overdrive to process loans designed to help struggling Main Street businesses pay employees and keep the lights on. Within months, billions of dollars were …