Financial Relief for Businesses

This information can change, please double-check sources for information, and continue to monitor sources or back here for updates.

FEDERAL: In addition to traditional SBA funding program, the CARES Act has established several new temporary programs. The Small Business Administration (SBA) will provide 100% federally-backed loans to eligible small businesses and 501(c)(3) non-profits with less than 500 employees. These will be issued through banks and other lenders. These loans will NOT require SBA pre-approval.

  • Economic Injury Disaster Loan (EIDL) This loan will provide economic relief to small businesses and non profits that are experiencing temporary loss of revenue. 
  • SBA Express Bridge Loans  Enables small businesses who already have a business relationship with a SBA Express Lender to access up to $25,000 quickly.
  • SBA Debt Relief  The SBA is providing a financial reprieve to small business during the COVID pandemic.
  • Paycheck Protection Program has reopened! Applications will be accepted through March 31, 2021. First time borrowers will subject to the original program rules. Second time borrowers must have fewer than 300 employees, be able to demonstrate a 25% reduction in gross receipts during at least one quarter of 2020 and loans will be capped at $2 million. 

For more information about loan programs you may be eligible for, visit the SBA's coronavirus web page.

Online application for the SBA- Disaster Loan Assistance program: https://covid19relief.sba.gov/#/

 

LOCAL:

Baker, Union & Wallowa CountiesNEOEDD continues to support COVID-19 related funding for small businesses.

Benton & Lane Counties: Community Lending Works offers some microgrant programs specific to areas or cities across the two counties.  The agency also provides small business loans to those who may not qualify for traditional loans. 

Crook, Deschutes & Jefferson Counties:  COIC in partnership with Deschutes and Jefferson County government is providing support to assist small businesses. While the current round of funding is closed, please check back regularly for updates.  There is also a needs assessment form businessowners' can complete to help demonstrate need in the community

Klamath & Lake Counties: While grant funds have been exhausted, SCOEDD can provide loans and microloan opportunities. Continue to monitor the website for any new programs that may open in the area.

Josephine & Jackson Counties: Rogue Business offers updates and information on local, statewide and federal funding opportunities for businesses.

Marion County: Marion County's grant application period is closed. Please visit the website to sign up for the email list for any future funding opportunities.

Prosper Portland offers business resources including an email list to be notified of new funding opportunities in the area.

Multnomah East County  At the request of Multnomah County, the Portland Business Alliance Charitable Institute is setting up an East Multnomah County Small Business Relief Fund. Qualifying businesses must be located in the cities of Fairview, Gresham, Troutdale and Wood Village, as well as in surrounding areas of unincorporated Multnomah County.  Applications are now closed. Visit website for updates on pending applications.

Washington County: Washington county has established a business resource page in light of COVID.  Use the page to request PPE, be advised on funding opportunities and receive guidance on COVID related business concerns.

Portland Metro Region: Clackamas, Multnomah & Washington Counties: Meso PDX serves the tri county area with small business loans and Individual Development Accounts. This site also serves as a hosting platform for COVID related grants across the area both city specific and county wide. Check frequently for updates.