RESOURCES

For Employers

Local & State-Sponsored

 

PROSPER PORTLAND

The Portland Small Business Relief Fund will provide grants and no-interest loans to support Portland small businesses experiencing hardships related to COVID-19. The goal of the fund is to provide immediate relief by helping business owners retain their businesses and their employees as a bridge of support before additional state and federal resources become available in the coming months.

Click here for more details on how this may benefit your business.

GREATER PORTLAND

The Greater Portland page provides information about resources for Greater Portland businesses affected by COVID-19. They are updating this page as new information becomes available. For health and safety information and guidance, please consult the Centers for Disease Control, the League of Oregon Cities, the Oregon Health Authority, the Washington State Department of Health or OHSU.

Click here for more details on how this may benefit your business.

PDX Impact

PDX Impact’s mission is to build a diverse investment community that focuses on underserved businesses; and financial technology that promotes economic opportunity, resilience, and capacity for women, immigrant, minority and veteran-owned businesses.

Click here for more details on how PDX Impact may benefit your business.

XXcelerate

Provides business support, education and funding for Oregon womxn entrepreneurs. We help them to grow their businesses, connect with resources and peer support, and scale profitably.

Click here for more details on how Xxcelerate may benefit your business.

Business OREGON: SMALL BUSINESS NAVIGATOR

Provides business support, education and funding for Oregon womxn entrepreneurs. We help them to grow their businesses, connect with resources and peer support, and scale profitably.

Click here for more details on how Business Oregon may benefit your business.

Federally Sponsored

 

Families First Coronavirus Response Act (H.R.6201)

The Families First Coronavirus Response Act responds to the Coronavirus (COVID-19) outbreak by providing paid sick leave and free Coronavirus testing, expanding food assistance and unemployment benefits, and requiring employers to provide additional protections for health care workers. The bill was signed into law on March 18, and goes into effect on April 2, 2020.

Click here for more details on how this may impact your business.

Small Business Administration (SBA)

The SBA’s Coronavirus Disaster Relief Lending Program offers low-interest loans in all U.S. states and territories for small businesses financially suffering as a result of COVID-19.

Maximum Loan Size: $2 million

Business Eligibility: Businesses that are without available credit and are requiring funds to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact. Borrowers are assessed on a case-by-case basis.

Terms: The interest rate is 3.75% for small businesses and 2.75% for non-profits. The SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years.

Click here for additional eligibility information, and to apply.

PRESS RELEASE

Federal Tax Relief

The Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date has been extended from April 15 to July 15, 2020.

LEARN MORE

Corporate Sponsored Resources

Many corporations are also offering different resources to the community. If you are interested in any of the following, you should reach out to them directly for more information.

Amazon

To help support communities in Seattle, Amazon has created a Neighborhood Small Business Relief Fund that will provide grants to those impacted by COVID-19.

Total Fund Size: $5 million

Business Eligibility:

  • Seattle small businesses located near Amazon’s headquarters.
  • Businesses with fewer than 50 employees or less than $7 Million in annual revenue.
  • Businesses open to the general public, and that are reliant on foot-traffic for customers.

LEARN MORE

Facebook

Facebook has established the Small Business Grants Program, aimed at providing assistance to businesses experiencing disruptions from the coronavirus pandemic. The aid will be in the form of cash grants and ad credits for up to 30,000 small businesses in over 30 countries.

Maximum Fund Size: $100 Million

LEARN MORE

Grubhub

In a partnership with major cities across the country, the online and mobile food-ordering and delivery company, Grubhub, is temporarily suspending collection of up to $100 Million in commission payments from restaurants affected by COVID-19.

Maximum Fund Size: $100 Million

Business Eligibility: Independently owned restaurants across the United States.

End Date:To be determined.

LEARN MORE

Uber Eats

To combat declining restaurant sales, Uber Eats is waiving all delivery fees for orders associated with independently owned restaurants. Additionally, for those businesses suffering from cash flow issues, same day payouts are available upon request.

Business Eligibility: Independently owned restaurants across the United States and Canada.

End Date: To be determined.

LEARN MORE

Yelp

To contribute to the relief effort, Yelp has announced a $25 Million to support businesses in the form of waived advertising fees as well as free advertising, products and services.

Business Eligibility: Small, independently owned businesses and franchisees in the restaurant and nightlife space in the U.S., Canada, the U.S. Virgin Islands, and Puerto Rico with fewer than five locations.

LEARN MORE

Northwest Advisory Group

Northwest Advisory Group is a payment solutions provider committed to helping businesses streamline their payment processing systems while providing the most responsive customer service in the industry.

SALES & CLIENT SUPPORT

1-877-444-5770 | 503-214-2400

EMAIL THE TEAM

HI@NWADVISORYGROUP.COM

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