COVID-19 Resources and Information
Two Information Sections Below: Businesses and Consumers
The U.S. Small Business Administration (SBA) is offering low-interest disaster recovery loans to small businesses impacted by COVID-19. For complete information on where to apply for a disaster assistance loan, visit the SBA's Small Business Guidance and Loan Resources Page by clicking the button below:
To apply for a corona virus small business loan, you should first visit the SBA's Disaster Assistance Page and then Apply Online. The SBA phone number is 1-800-659-2955 or email firstname.lastname@example.org. The SBA is recommending that you apply online at non-peak hours, from 7pm to 7am EDT.
The SBA is indicating that it may take 2-3 weeks or longer to process all the claims. Once your loan is approved they will send you Loan Closing Documents. Finally, once those are submitted by you the initial disbursement of disaster loan funds will be made within 5-days.
Typically, your business must be located in an area designated a disaster area and not able to secure alternative funding. Terms and conditions will be based on your ability to repay the loan and a credit check will be performed. The period of repayment for disaster loans cannot exceed 30-years and the interest rate is set at 3.75% for small business and 2.75% for non-profits.
With the passing of the Phase-3 Coronavirus bill expected to be signed into law on 3/27 other changes and mechanisms (such as applying through your bank) to this information may take place.
Per the SBA site all small business owners in the U.S states and territories are currently eligible for a low-interest rate loan.
Click on the below buttons for links to more information:
The Oregon Health Authority (OHA) has general information on COVID-19 and can help you find local resources like health and family services, food assistance, or housing. You can dial 211 to contact its hotline. Oregon counties also have online information that can be helpful:
Oregon Health Authority: Dial 211
Lane County: 541-628-1380
Linn County: 541-967-3888
The below information is Pre-Cares Act (Phase-3 Coronavirus Stimulas passed by Senate on 3/26).
to see a good summary of that act CLICK HERE