Disaster Economic Injury Relief for Small Businesses Affected by COVID-19
Paycheck Protection Program
The Small Business Association has issued a Paycheck Protection Program in the form of forgivable loans issued to small business to be used for payroll, mortgage interest, rent, and utilities during COVID-19 shutdowns. The application and fact sheets can be found below:
This is a program designed to provide Oregon businesses an alternative to layoffs. It allows employers to leverage unemployment insurance to subsidize a portion of lost wages for employees whose work time is reduced due to market turndown or other business stressors. Click here for more information.
If your business is experiencing negative impacts from COVID-19, or anticipate negative impacts, and think you will need disaster economic injury relief, please visit the Small Business Administration website to complete an assistance application.
For additional information from the Oregon Secretary of State regarding resources for businesses, click here.