Oregon Businesses Encouraged to Apply for PPP



Oregon Businesses Encouraged to Apply for PPP

To date, Oregon’s financial institutions have helped nearly 55,000 Oregon businesses obtain more than $7 billion in loans through the Small Business Administration (SBA) Paycheck Protection Program – but there is still $100 billion in federal funding available.

“Oregon small businesses are truly the heart and soul of our economy,” says Governor Kate Brown. “I’m committed to ensuring that Oregon businesses and working families receive the critical federal dollars they need during this crisis.”

To date, Oregon’s financial institutions have helped nearly 55,000 Oregon businesses obtain more than $7 billion in loans through the Small Business Administration (SBA) Paycheck Protection Program – but there is still $100 billion in federal funding available.

The loans – which will be forgivable for the majority of recipients – are designed to help businesses pay their employees during the COVID-19 pandemic. Many small businesses, especially those owned by people from communities of color, immigrant communities, and historically underserved communities, have faced hurdles in receiving the funds for which they are eligible, and we want to make sure they are able to access this aid.
 
Please share these resources with business owners:
  • Lists of Oregon financial institutions providing SBA Paycheck Protection Program loans are available here for credit unions and banks.
  • The SBA’s overview of the PPP program, including FAQs and a calculator for loan amounts
  • The Governor’s ​COVID-19 Small Business Navigator​ hotline (also answered in Spanish): 833-604-0880
 
If you have questions or comments, contact Leah Horner at [email protected].