From Congresswoman Bonamici:
Resources for Business Owners
Find contact information here for the Small Business Development Center near you.
Business Oregon’s Small Business Navigator is another helpful resource. This is available in other languages. You can call the state hotline for businesses at 1-833-604-0880.
If you are a leader of a non-profit, the National Council of Nonprofits has helpful information.
SBA COVID-19 Programs
- Click here to learn more about SBA’s programs and how to apply. Please note these resources are available in other languages using the “Translate” and “SBA en Español” buttons.
Paycheck Protection Program
The Paycheck Protection Program (PPP) provides up to $10 million in federally guaranteed, low-interest loans, to small businesses and eligible non-profits. Importantly, the loans can be 100% forgiven if borrowers rehire and retain employees in the 8 weeks following receipt of the loans. Click here to access Treasury Department fact sheet on the frequently asked questions about the Paycheck Protection Program Loans.
Economic Injury Disaster Loans
The SBA’s EIDL program provides small businesses with working capital loans of up to $2 million to help overcome a temporary loss of revenue due to COVID-19. Small businesses and eligible nonprofits can request an emergency advance up to $10,000, which SBA is working to expedite and does not need to be paid back. To apply click here.