Due to improper edits, material was inadvertently included in the most recent newsletter, which is not appropriate for official newsletters. Please disregard with my apologies. I have taken the proper steps to address the error and make sure it won’t happen again.
SBA Opens COVID-19 Relief for Small Businesses to provide Federal relief for small businesses. If you are a small business owner, please refer to this and the attached links! I couldn't thank her enough for disseminating this information.
If you are a small business, who need disaster relief, please apply as quickly as possible to ensure your business is in the queue for Economic Injury Disaster Loans being made to millions of American businesses. The loans are a new program available as part of the coronavirus stimulus relief bill recently passed by Congress, known as the CARES Act.
The quick link to the application can be found at the US Small Business Administration’s website covid19relief.sba.gov. Full information about the program can be found at www.sba.gov.
From the SBA website:
“The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.”
To begin the process businesses need to have ready information about their EIN and business organizational filing, revenues and costs of goods for the last 12 months, and business banking information for those seeking a loan advance. The loans are designed for most businesses with fewer than 500 employees, which applies to a wide majority of Oregon businesses.
For more information click here. Also, you can find today's SitSat information by clicking here. As always, please reach out with any questions or concerns. Together, we will get through this.
Sincerely,
Bill Post
State Representative - HD 25
email: Rep.BillPost@oregonlegislature.gov I phone: 503-986-1425
address: 900 Court St NE, H-479, Salem, OR 97301
website: http://www.oregonlegislature.gov/post
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