Small Business Emergency Loan Fund
Lane County, the City of Springfield, the City of Eugene and Community Lending Works have come together to create a Small Business Emergency Loan Fund (SBELF) to help our local businesses weather this storm. Funds are limited at this time and will be evaluated ongoing.
Eligible businesses include those with 20 FTE or fewer as of the end of 2019 and located within Lane County. The funds will be managed by Community Lending Works.
Interested businesses will be able to apply starting at noon on Sunday, March 22, at www.communitylendingworks.com.
Should the Community Lending Works website becomes overloaded, businesses can email their inquiries or requests for a pdf version of the application to emergencycapital@communitylendingworks.org.
All inquiries and applications must be directed to Community Lending Works.
Small businesses may apply for loans up to $30,000 at 2% with no payments for the first six months. Community Lending Works is committed to the best of their ability, and based on applicant approval, loan funds quickly and within days of application.
To learn more about the Small Business Emergency Loan Fund specific to Lane County Oregon businesses and to apply, please go to www.communitylendingworks.com. For businesses seeking assistance with their application, the Lane SBDC provides confidential advising for small businesses in Lane County. For additional information on the COVID-19 emergency and response, please visit the Lane County Business Webpage at https://www.lanecountyor.gov/coronavirus.
