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$317M awarded to small Maine businesses in 2nd bailout round
May 4, 2020The Paycheck Protection Program, which provides forgivable loans to small businesses hurt by the ongoing crisis, was quickly depleted in its first round of funding. But the second round assisted over 9,000 Maine businesses in its first week.
May 4, 2020
No exit: The pandemic is creating a tough year for succession planning
Updated: May 4, 2020The global health and economic crisis is the very definition of uncertainty, leading some Maine business owners to press pause when it comes to their exit strategies. But succession planning always involves an element of uncertainty.
Updated: May 4, 2020
Maine wealth advisors are offering calm counsel for an uncertain time
Updated: May 4, 2020In the midst of uncertainty created by the global health and economic crisis, advisors are counseling prudence, not panic. Mainebiz talked with a few to see how they're steering clients through these troubling times.
Updated: May 4, 2020
Portfolio shift: More Maine women make their mark in wealth management
Updated: May 4, 2020Although wealth management remains a profession dominated by men, more women are entering the field and rising to its top ranks. That's clear in Portland but also at firms in other parts of Maine.
Updated: May 4, 2020Ask ACE: How can I make productive use of downtime during the pandemic?
Updated: May 4, 2020A contributor from the Association for Consulting Expertise suggests how to make the most of a business hiatus when your work involves face-to-face consultation.
Updated: May 4, 2020
Portland tech consultant Tidestone Solutions merges with national firm
Updated: April 23, 2020Portland consulting firm Tidestone Solutions has merged with Wipfli LLP, a nationwide accounting and consulting firm headquartered in Milwaukee.
Updated: April 23, 2020Program pairs investors with Maine startups whose technology can help address crisis
April 20, 2020A national effort spearheaded by Village Capital and Sorenson Impact Foundation is looking to match investors with startups and entrepreneurs, so they can scale and adapt their technology to help with the COVID-19 crisis.
April 20, 2020
42 Maine nonprofits awarded $100K in Machias Savings grants
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.
Updated: April 20, 2020Portland fintech chooses Boston firm for PR help
April 17, 2020Foreside Financial Group LLC, a growing fintech company headquartered in Portland, has hired a Boston firm, BackBay Communications, to provide public relations services.
April 17, 2020
State halts most evictions, asks lenders to work to avoid foreclosures
April 17, 2020Gov. Janet Mills' executive order halts most evictions, and the governor has sent a letter to financial institutions asking them to work proactively with property owners to pause mortgages during the COVID-19 state of emergency.
April 17, 2020
Saco medical device company receives FAME financing for expansion
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.
Updated: April 17, 2020WEX cuts jobs as COVID-19 impact hurts demand
April 16, 2020Three weeks after deciding to limit hiring to "business-critical positions," Portland-based global payments company WEX Inc.
April 16, 2020Ask ACE: What do I do in a financial crisis?
Updated: April 20, 2020A contributor from the Association for Consulting Expertise advises a reader on how to deal with a challenge more and more businesses are facing in the midst of global health crisis — financial crisis.
Updated: April 20, 2020Falmouth fintech launches platform to automate hardship relief
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.
Updated: April 16, 2020
Maine banks recovering after stimulus checks create online traffic jams
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.
Updated: April 16, 2020
How to navigate Congress’ changes to the bankruptcy code
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
April 15, 2020
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