Keeping the Lights On

About the Paycheck Protection Program Forgivable Loan

About the "Up To" $10,000 EIDL Loan Advance (Grant)

About the Economic Injury Disaster Loan (EIDL)

2020 Coronavirus Updates:

[2020-04-03 15:25] EIDL & Advance Update

EIDL applicants should expect to received a call from an SBA representative about your application. You should keep a copy of your application number handy and ask the caller to certify that number before providing any personal information.

[Wet Blanket Warning!] We are getting word that the “up to $10,000 loan advance” is tied to employee count. Businesses with one or two employees should not expect a large sum.

[2020-04-03 15:20] PPP Update

Contrary to Fed statements earlier in the week, financial institutions are non ready to take Paycheck Protection Program applications today, April 3rd. Our guidance is to:

  • Contact your financial institution.
  • Find out whether they are participating.
  • If they are…
    • Ask them to inform you when the application process is up and running.
  • If they are not…
    • Locate an institution who will be participating, AND…
    • …will accept applications from businesses who are not yet clients.
    • Ask them to inform you when the application process is up and running.

Once everything is up and running, you will likely need to fill out another application through the bank or credit union’s website.

[2020-03-30 12:45] CARES Act Basics

The CARES Act provides additional support for businesses. Here are a few:

  • Paycheck Protection Program is a forgivable loan program for up to 8 weeks or employee expenses.
  • $10,000 grant available by applying for the Economic Injury Disaster Loan (EIDL) program.
  • Expansion of EIDL to include non-profits. We are still determining what limits (if any) there may be.
  • More info here!

 

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COVID-19: General Guides

SBA Coronavirus Relief Options

COVID-19 Disaster Assistance Funding

Oregon SBDC Network COVID-19 Business Resources


Paycheck Protection Program (PPP)

SBA’s Official PPP Info Page

Economic Injury Disaster Loan (EIDL) & Loan Advance (Grant)

SBA’s Official EIDL & Loan Advance (Grant) Page

SBA Disaster Loan Application Portal

Application Walk Through video (as of 3/30/2020) – created by James Acres, brother of Sara Gelser, Oregon State Senator.

Asistencia_de_Desastre_de_la_SBA (SP)

Additional Funding Resources

SBELF Information Page – This Lane County fund has met its capacity and is taking applications for waiting list only.

Work Share Oregon

Work Share Oregon’s Homepage

Workforce and Employer Resources

An excellent overview of changes to Paid Sick Leave and Family Medical Leave from The National Law Review

!! – CRITICAL GUIDANCE FOR EMPLOYERS from Lane Workforce Partnership regarding Unemployment Insurance, Work Share and the WARN Program

OSHA – Guidance on Preparing Workplaces for COVID-19

Centers for Disease Control (CDC): About Coronavirus Disease

State of Oregon

Coronavirus (COVID-19) Financial Resources for Businesses from Business Oregon

Oregon Health Authority

Lane County

Lane County’s Coronavirus Update Page

Lane Community College

Lane Community College – Coronavirus Information

Additional Links

Inc.com – 23 Essential Tips for Working Remotely

SBA Disaster Loan Process Flier

Oregon SBA EIDL Declaration

SBA Press Release on Disaster Relief Loans