Dear Business Owner,
This is a challenging time for small businesses. However, we want to assure you that Oregon Small Business Development Center advisers are available to work with your business to answer questions and provide resources. Below are links to important information that may be helpful for your business.
Each of our Centers across the state are open for business and available virtually by phone or video conference. Please contact your local Center for assistance.
If your business needs or can make items such as masks, gowns, gloves, hand sanitizer and boot/shoe covers, Business Oregon would like to hear from you at this link.
Resources for your Business
Impacts of Coronavirus (COVID-19)(updates from Vertical IQ on how industries, sectors, and economies are affected by COVID-19)
OSHA’s COVID-19 Resources (click on ESPAÑOL at top of the page for Spanish translation)
USDA Farmer’s Coronavirus Food Assistance Program (provides direct relief to producers who faced price declines and additional marketing costs due to COVID-19)
SBA Funding Options (click “translate” at top of page for other languages)
Paycheck Protection Program (PPP) (click “translate” at top of page for other languages)
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
- Paycheck Protection Program Fact Sheet
- Oregon Lenders Accepting PPP Applications
- Oregon SBDC PPP Flexibility Act Update Webinar (Slides)
- Oregon SBDC PPP Flexibility Act Update Webinar, CPA’s Perspective (Slides)
Economic Injury Disaster Loan (EIDL) (click “translate” at top of page for other languages)
This loan will provide economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue.
Main Street Lending Program
The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
SBA Express Bridge Loans (click “translate” at top of page for other languages)
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
SBA Debt Relief (click “translate” at top of page for other languages)
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
Work Share Oregon
Work Share provides Oregon businesses an alternative to layoffs. This newly streamlined program allows employers to leverage unemployment insurance (UI) to subsidize a portion of lost wages for employers whose work time is reduced due to market downturns
or other business stressors.
You’ll never experience what business is like today, until today. The SBDC really taught me to do what I do best, and to outsource the rest.
I was hoping for the financial knowledge, and I got so much more out of it. The course covered all the basis of owning and operating a small business from systems implementation, marketing, management of employees and the financial piece I was originally looking for.
No matter how long you’ve been in business, it doesn’t mean you can’t change or learn new things. The folks at the SBDC have been invaluable for that.