[OMS_MANAGERS] Oregon has received an SBA EIDL declaration for COVID-19

[STUART Sheri * OPRD]

This message is being forwarded over the OMS listserv. All responses will be over the listserv.

Attached please see information about Small Business Administration funding available now for businesses in Oregon impacted by the coronavirus outbreak.

https://disasterloan.sba.gov/ela/Declarations/DeclarationDetails?declNumber=6063989&direct=false

The applications can be filled out online or there is assistance through Small Business Development Centers. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower's ability to repay.


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