COVID-19 Loan and Grant Programs
The City of Portland’s Business Loan and Grant Programs are designed to provide financial assistance to Portland businesses impacted by COVID-19. This includes businesses that have remained open, have furloughed some or all of their employees, businesses that have closed temporarily, and those that have re-opened.
MICROENTERPRISE GRANT PROGRAM, JOB REHIRING, AND RAPID RESPONSE MICROLOAN PROGRAM
Applications that are received by February 4th, 2021 before noon, will be considered for funding on February 18th, 2021. Applications that are received by March 4th, 2021 before noon, will be considered for funding on March 18th, 2021. Funding approvals will be voted on at the PDC meetings.
HOW DO I APPLY?
The application is a google a form, you must log into a google account to fill out the form. If you do not
have a google account you can create one here. Alternatively, you can submit the form by downloading
the PDF application and scanning all attachments via email to email@example.com
If you previously received a Micro-Enterprise Grant and you have commercial space, you may be eligible for an additional $2,500. Learn more here.
AM i Low/ Moderate Income?
WHAT WILL I NEED TO APPLY?
You will need to submit documentation with your application including:
- Payroll from just before the COVID-19 pandemic showing number of full and part-time employees;
2018 and 2019 business tax returns;
Current Balance Sheet and Profit & Loss through at least November 30, 2020;
Copy of Commercial Lease.
ONE PAGE OVERVIEW OF PROGRAMS
GUIDELINES AVAILABLE HERE:
NEW: Winter Business Sustainability Grant Program (WBSG)
Businesses that need financial assistance to operate a component of their business outdoors through the fall and winter can submit an application for a Winter Business Sustainability Grant. The program will provide up to $10,000 grants for a range of equipment such as coverings, heaters, lighting, platforms, and other items needed for outdoor operations.
The Housing and Economic Development Department will accept applications through 4:00 PM on December 9, 2020; after that date/time, applications will no longer be accepted. Please email applications and all attachments to firstname.lastname@example.org. APPLY HERE. If you have questions, please contact Nelle Hanig, Business Programs Manager, at email@example.com or (207) 756-8019.
- How do I know if I qualify as having low or moderate incomes?
- Did you already receive $2,500 for your micro-enterprise from the City of Portland in June or July? You may be eligible for an additional $2,500.
- What if my business is new?
- How do I upload the files?
- What is a "personal financial statement"?