Augusta, ME — PPP Loan Data

Augusta, Maine received 663 Paycheck Protection Program loans totaling $73.1M. The average loan in the city was $110,296 — above the national program average of approximately $67,000.

98.6% of loans in Augusta — totaling $73.6M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.

Among the largest disclosed recipients in Augusta were NRF DISTRIBUTORS INC ($4,191,500), HUTCHINS MOTORS INC. ($2,622,764), and LETTER SYSTEMS, INC. ($2,493,000).

The most active industry sector in Augusta was Accommodation and Food Services with 55 loans worth $5.5M, followed by Personal Care Services (37 loans).

Applicants in Augusta reported retaining 8,365 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.

Augusta is part of Maine, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.