Freeport, ME — PPP Loan Data

Freeport, Maine received 448 Paycheck Protection Program loans totaling $39.3M. The average loan in the city was $87,667 — above the national program average of approximately $67,000.

98.9% of loans in Freeport — totaling $38.6M — 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 Freeport were MAINE COURSE HOSPITALITY GROUP ($2,794,000), MAINE EPM LLC ($2,000,000), and MAINE COURSE HOSPITALITY GROUP ($1,920,776).

The most active industry sector in Freeport was Traveler Accommodation with 50 loans worth $11.9M, followed by Accommodation and Food Services (33 loans).

Applicants in Freeport reported retaining 4,085 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.

Freeport 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.