Distribution of COVID19 Government Aid

State by State allocation of COVID19 Payroll funds distribution   Learn More

How to avoid a common mistakewhen applying for small businesses loansaccording to an SBA official

A common pitfall: being unprepared In order to have the best chance of getting a PPP loan, small businesses need to do their homework. A lack of preparation is one of the most common mistakes that owners made when applying for PPP loans during the first round, says Rob Scott, Great Lakes regional administrator for […]

To All Who Support Oregon’s Small Businesses,

Last night we were informed that the Economic Injury Disaster Loan program had experienced a lapse in appropriations. This morning, we learned that the Payroll Protection Program has experienced a similar lapse in appropriations as well, and that new applications are not being processed by the SBA. These two programs have been the primary Federal […]

Businesses Who Have Not Had PPP or EIDL Applications Processed

Getting Help For businesses that have not had PPP or EIDL applications processed, we recommend that they contact their local SBDC as soon as possible.¬†For PPP applications, the SBA has advised that businesses contact their banks to understand the status of their applications. While these programs may receive additional funding, we encourage businesses to begin […]

Businesses Who Have Received PPP or EIDL Funding

Getting Help Many businesses that have received funds from these programs or who have applications that have been processed and are in the process of receiving funds may have additional questions. There are restrictions on how these funds can be used, and how the loan forgiveness part of the program works. SBDC advisers are available […]

SBA publishes new PPP guidance for the self-employed and general partners

The U.S. Small Business Administration issued a new interim final rule Tuesday that supplements the guidance for the Paycheck Protection Program (PPP) included in the first interim final rule for the PPP issued on April 2 and FAQs that are being updated periodically. The additional guidance provides specific information on calculating the maximum loan amount […]

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