Financial Assistance
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      3. Financial Assistance

      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. FAQ regarding the Covid-19 EIDL can be found here. The COVID-19 EIDL program is not accepting new applications, increase requests, or reconsiderations
      • Targeted EIDL Advance & Supplemental Targeted Advance: Applicants for the COVID-19 EIDL may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. These "advances" are similar to a grant, but without the typical requirements that come with a U.S. government grant. EIDL Advances are now closed
      • SBA Debt Relief:  The SBA is providing a financial reprieve to small business during the COVID pandemic.
      • Paycheck Protection Program: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness.A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.

      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/#/ COVID EIDL application is closed as of January 1, 2022

      LOCAL:

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

      Benton & Lane Counties: Community Lending Works 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 business owners can complete to help demonstrate need in the community

      Klamath & Lake Counties: While grant funds have been exhausted, SCOEDD can provide loans and micro-loan 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.

      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.


      OWRF Small Enterprise Fund/Fondo para Microempresas Informational Materials:
      The Small Enterprise Fund/Fondo para Microempresas launched March 8th, 2021. 
      The Small Enterprise Fund provides one-time relief to Oregon businesses impacted by the pandemic ineligible for federal assistance due to their immigration status. The business owner must have an ITIN, DACA, TPS or something similar. The Small Enterprise Fund Queue is officially PAUSED. call 1-888-274-7292 from Monday - Friday 9:00 am - 6:00 pm for more information. Informational videos and flyers available in multiple languages in the following folder