Processing Your Payment
Please do not leave this page until complete. This can take a few moments.
- News
-
Editions
-
- Lists
-
Viewpoints
-
Our Events
-
Award Honorees
- 2025 Business Leaders of the Year
- 2025 Outstanding Women in Business
- 2024 40 Under 40 Honorees
- 2024 Women to Watch Honorees
- 2024 Business Leaders of the Year
- 2023 NextUp: 40 Under 40 Honorees
- 2023 Women to Watch Honorees
- 2023 Business Leaders of the Year
- 2022 NextUp: 40 Under 40 Honorees
- 2022 Women to Watch Honorees
- 2022 Business Leaders of the Year
-
-
Calendar
-
Biz Marketplace
- News
-
Editions
View Digital Editions
Biweekly Issues
- September 22, 2025
- September 8, 2025
- August 25, 2025
- August 11, 2025
- July 28, 2025
- July 14, 2025
- + More
Special Editions
- Lists
- Viewpoints
- Our Events
- Calendar
- Biz Marketplace
Banking & Finance
-
After financing frenzy, Maine lenders launch second round of small-biz bailout loans
Renee Cordes April 27, 2020Maine banks and credit unions are gearing up for a busy week of loan applications, in the second round of the federal Paycheck Protection Program that began this morning. But lenders warn the money is likely to run out quickly.
Renee Cordes April 27, 2020Banking roundup: mixed financial results for 2020's first quarter
Staff April 24, 2020Past-due loans affected Northeast Bank's net income for the quarter ending March 31, while First Bancorp reported a moderate increase in earnings for the most recent three months.
Staff April 24, 2020
Maine small-biz funding roundup: more loans, fintech and options for self-employed
Renee Cordes Updated: April 22, 2020A second round of emergency federal funding may soon bring relief to Maine businesses, and lenders are preparing for another wave of loan applications. There are other options available as well.
Renee Cordes Updated: April 22, 2020
42 Maine nonprofits awarded $100K in Machias Savings grants
Renee Cordes Updated: April 20, 2020The nonprofits, which focus on food security, services for the elderly and other community needs, are receiving up to $5,000 each to support their responses to the ongoing public health crisis.
Renee Cordes Updated: April 20, 2020
Saco medical device company receives FAME financing for expansion
Staff Updated: April 17, 2020Maine Molecular Quality Controls Inc. on Thursday received insurance from the Finance Authority of Maine on a $2.2 million loan, which will fund a 37,500-square-foot expansion of the company's Saco facility.
Staff Updated: April 17, 2020Falmouth fintech launches platform to automate hardship relief
Staff Updated: April 16, 2020Constant Energy Capital Management, a financial technology company in Falmouth, has a software platform that aims to speed relief for borrowers who are struggling to make payments during the current crisis.
Staff Updated: April 16, 2020
Maine banks recovering after stimulus checks create online traffic jams
Renee Cordes Updated: April 16, 2020Kennebec Savings, Camden National and Norway Savings banks were all overloaded Wednesday as many customers checked online accounts to see if their relief checks had arrived. By Thursday, most banking operations were back to normal.
Renee Cordes Updated: April 16, 2020
How to navigate Congress’ changes to the bankruptcy code
Andrew C. Helman April 15, 2020Congress has given small businesses an important tool to help weather this difficult time by allowing companies with up to $7.5 million in debt to reorganize under a streamlined Chapter 11 process. This is available for the next 12 months. After
Andrew C. Helman April 15, 2020
Mainebiz webinar explains how to make the most of federal relief
Staff April 8, 2020Three experts discussed the potential business benefits of the new Paycheck Protection Program in a webinar presented by Mainebiz Wednesday morning. A second, free informational webcast on federal business relief is scheduled for Thursday.
Staff April 8, 2020Maine small businesses, individuals should be wary of COVID-19 scam surge
Staff April 7, 2020Scammers are using the COVID-19 crisis to steal money from both businesses and individuals in a variety of ways, officials from financial, consumer and government agencies warn.
Staff April 7, 2020
Economic damage to small businesses continues to skyrocket, NFIB says
Maureen Milliken April 6, 2020A National Federation of Independent Business survey found that 92% of small-business owners are being negatively affected by COVID-19, as opposed to 76% when surveyed two weeks ago.
Maureen Milliken April 6, 2020More than 1,400 Maine applications so far for $410M in small-biz loans
Renee Cordes April 6, 2020Applications are pouring in for loans under the new federal Paycheck Protection Program, keeping bankers and others busy. The district director of the Maine SBA District Office shares the latest numbers with Mainebiz.
Renee Cordes April 6, 2020Bangor Savings picks Massachusetts firm for PR
Staff April 3, 2020The public relations account for the largest Maine-based bank will transition to a Boston agency over the next week.
Staff April 3, 2020
Retirement rollovers for business have tax advantages — but beware
Laurie Schreiber Updated: April 6, 2020Rollovers for business startups, or ROBS, allow entrepreneurs to leverage retirement savings in order to launch a new business and perhaps a second career. But especially in these turbulent times, caution is necessary.
Laurie Schreiber Updated: April 6, 2020
Banking in the age of coronavirus: insights from Maine bank and credit union chiefs
Renee Cordes Updated: April 6, 2020What’s it like to run a bank or credit union in the midst of the ongoing health and economic crisis? To find out, Mainebiz checked in with business leaders around the state. Here’s what they told us.
Renee Cordes Updated: April 6, 2020
Business with a purpose: Maine financial firms join growing ‘conscious capitalism’ movement
Renee Cordes Updated: April 6, 2020The Portland Conscious Capitalism Community is part of a growing national movement that puts purpose on a par with profit. The community grew from a few people last August to about 50 today, as issues of social responsibility take on new importance.
Renee Cordes Updated: April 6, 2020
Today's Poll
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall economy,
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn More
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn More
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn more-
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
-
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
-
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
ABOUT
NEW ENGLAND BUSINESS MEDIA SITES
No articles left
Get access now
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy