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New, 5/22/2020: PPE manufacturers or distributors https://www.oregon4biz.com/Coronavirus-Information/PPE.php 
Information about restarting for healthcare providers and dentists, https://sharedsystems.dhsoha.state.or.us/DHSForms/Served/le2322P.pdf 

City of Albany Small Business Emergency Loan Fund

The City of Albany and Community Lending Works have come together to create a small business emergency loan fund to help local businesses during the economic downturn caused by the spread of the novel coronavirus COVID-19.

Albany has committed $200,000 to seed the fund, and hopes to connect businesses with additional private, state, and/or federal funds in the coming weeks.

Eligible businesses include those with 40 or fewer employees as of the end of 2019 that have been immediately affected by the coronavirus crisis. Small businesses may apply for loans up to $15,000 at 2% interest, with no payments for the first six months. The loans can be used for a wide range of business expenses including paying off pre-crisis invoices, covering rent/utilities while closed to the public, and bridging the time until federal assistance is available.

The funds will be managed by Community Lending Works.

Interested businesses can download an application at communitylendingworks.org and submit completed applications to This email address is being protected from spambots. You need JavaScript enabled to view it.. Community Lending Works will be able to provide approved loan funds quickly, within days of application.

Current loan dollars are fully committed but check back on this page or follow us on social to find out if more funds become available.

Download application

If you have questions, contact Economic Development Manager Seth Sherry at This email address is being protected from spambots. You need JavaScript enabled to view it. or 541-704-2304

Federal CARES Act

Decide which program suits your business and apply today:

EIDL vs. PPP comparison (pdf)

Economic Injury Disaster Loan (EIDL)

EIDL online application

Paycheck Protection Program (PPP)

PPP pdf application

(gets submitted to an SBA lender)

List of Oregon SBA lenders
(pdf may not be comprehensive)

 

covid business guide

Do you represent a business who wants to know how to take advantage of the Coronavirus Aid, Relief and Economic Security Act (CARES)?

How to apply for grants and loans

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