Falmouth, ME — PPP Loan Data

Falmouth, Maine received 682 Paycheck Protection Program loans totaling $53.1M. The average loan in the city was $77,800 — above the national program average of approximately $67,000.

98.8% of loans in Falmouth — totaling $53.3M — 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 Falmouth were SATURN ASSOCIATES, INC. AND AFFILIATES ($7,669,700), SOUTHWORTH INTERNATIONAL GROUP, INC. ($4,865,270), and RC MANAGEMENT LLC ($2,353,348).

The most active industry sector in Falmouth was Personal Care Services with 55 loans worth $735,349, followed by Offices of Real Estate Agents and Brokers (48 loans).

Applicants in Falmouth reported retaining 5,367 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.

Falmouth 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.