Portland, ME — PPP Loan Data

Portland, Maine received 4,166 Paycheck Protection Program loans totaling $465.9M. The average loan in the city was $111,832 — above the national program average of approximately $67,000.

97.8% of loans in Portland — totaling $459.9M — 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 Portland were SPURWINK SERVICES INCORPORATED ($8,304,236), BERRY DUNN MCNEIL & PARKER INC ($8,139,000), and DIVERSIFIED HOLDINGS CO. ($6,108,530).

The most active industry sector in Portland was Accommodation and Food Services with 396 loans worth $64.6M, followed by Legal Services (196 loans).

Applicants in Portland reported retaining 48,184 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.

Portland 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.