Businesses in Lane, Linn, & Lincoln, & Benton Counties may be eligible for a grant of $5,000 or more from Business Oregon’s Round 4 of the CARES Act Funding, being deployed by Community Lending Works.

Note that this round of funding has removed many of the restrictions that kept businesses from being eligible in the past. Most significantly, businesses who received EIDL or PPP funding, ARE STILL ELIGIBLE, as long as the total amount of CARES-funding was less than $100k.

Please read the below information provided by Community Lending Works:

To Small Business Owners (and partners who can help spread the word) in Lane, Linn, Benton, and Lincoln Counties,

Business Oregon just announced the start of their Round 4 (and final) Emergency Small Business Grants. Eligibility is expanded for Round 4, so even if you’ve been ineligible before, please read on.

Community Lending will begin accepting applications immediately, on a first come, first served basis. We have only a few weeks to deploy all funds, but if we deploy them quickly enough, we may be able to request more from the state! (Note, this program is separate from County-funded grants currently available in Lane County and soon in Lincoln County.)

General Eligibility Criteria (additional fine print criteria can be found in the application form):

    • The business has 25 or fewer employees;
    • Was shut down from Exec Order 20-12, or experienced at least a 25% decline in revenue due to COVID;
    • Received less than $100,000 from CARES-funded and/or other federal programs (including PPP, EIDL, and other CARES funding)

Funding Available (increased from previous rounds!):

    • Business with 2 or fewer employees (including sole proprietor) – $5000
    • Businesses with 3 or more employees – $2000 x Number of Employees (as reported on OED Form 132 from any of the last 4 quarters)
    • Note: If you received funding from a Business Oregon emergency grant in Rounds 1-3, but received less than you are now eligible for, you can apply for the difference using a Supplemental Application Form.  

 

How to Apply:

Email a completed application (with all required attachments) to [email protected].

    • If you have NOT received a prior Business Oregon award, complete the full application (also attached).

or

    • If you previously received Round 1, 2, or 3 funding (from either Community LendingWorks, Central Willamette Credit Union, or a local city/county) complete the supplemental application (also attached).

More information can be found at https://communitylendingworks.org/emergency-state-covid/ and questions can be emailed to [email protected].

Thank you –

Emily Reiman
DevNW // Community LendingWorks // CEO

Reach out to Community Lending Works, or your region’s Venture Catalyst if you have questions or need assistance.

NOTE THAT THIS FUNDING IS FIRST COME, FIRST SERVE. Oregon RAIN recommends applying immediately if you are eligible.