Bangor, ME — PPP Loan Data

Bangor, Maine received 1,351 Paycheck Protection Program loans totaling $170.0M. The average loan in the city was $125,805 — above the national program average of approximately $67,000.

98.1% of loans in Bangor — totaling $170.8M — 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 Bangor were PENOBSCOT COMMUNITY HEALTH CENTER ($8,600,000), HUSSON UNIVERSITY ($5,965,000), and COMMUNITY HEALTH AND COUNSELING SERVICES ($4,476,600).

The most active industry sector in Bangor was Accommodation and Food Services with 93 loans worth $11.2M, followed by Traveler Accommodation (80 loans).

Applicants in Bangor reported retaining 19,590 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.

Bangor 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.