Maine organic farm no one has heard of got a $1.2 million federal relief loan [View all]
A substantial Paycheck Protection Program loan to an organic farm operator allegedly located in western Maine has raised suspicion since it was discovered in a massive disclosure of federal records about the small business relief program.
Common Ground Organic Farm LLC, based in Bridgton, received a loan of nearly $1.2 million through the program, according to records released by the U.S. Small Business Administration. The company employed 91 people, according to the loan records.
But no such company is registered in Maine, and the local insurance firm that owns and occupies the business address listed for Common Ground in the SBA records said it has never heard of a business by that name. The bank listed as the lender on the emergency loan disclosure said it never made a loan to the company.
An SBA spokesman said the agency could not provide any further details on the reported loan. The agency’s own inspector general and the Government Accountability Office have warned that the Paycheck Protection Program is vulnerable to fraud.
Read more: https://www.centralmaine.com/2020/12/08/maine-organic-farm-no-one-has-heard-of-received-1-million-emergency-loan/
They can kiss that $1.2 million goodbye.
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