Biddeford, ME — PPP Loan Data

Biddeford, Maine received 605 Paycheck Protection Program loans totaling $37.8M. The average loan in the city was $62,562 — above the national program average of approximately $67,000.

97.2% of loans in Biddeford — totaling $37.0M — 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 Biddeford were RESIDENTIAL COMMUNITY SUPPORT SERVICES ($2,000,000), VOLK PACKAGING CORPORATION ($1,280,400), and OAK POINT ASSOCIATES ($1,175,742).

The most active industry sector in Biddeford was Accommodation and Food Services with 59 loans worth $3.8M, followed by Personal Care Services (30 loans).

Applicants in Biddeford reported retaining 4,086 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.

Biddeford 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.