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ECONOMIC INJURY DISASTER LOAN (EIDL)

EIDL Summary Update: 4-20-20

The U.S. Small Business Administration (SBA) is offering low-interest federal Emergency Impact Disaster Loans (EIDL) to small businesses and nonprofits for working capital who are suffering substantial economic injury as a result of the Coronavirus (COVID-19) in Marion, Polk and Yamhill Counties and statewide.

These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship

SBA Express Bridge Loan

SBA Debt Relief

Government loan stipulations

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If you participate in
Paycheck Protection Program
EFML and EPSL Credits
Employee Retention Tax Credit
Deferral of SS Tax Payment
Paycheck Protection Program
You are participating in this
but must exclude FFCR Credits
Employee Retention Tax Credit
but must exclude FFCR Credits
You are participating in this
Deferral of SS Tax Payment
You are participating in this
EFML and EPSL Credits
but must exclude FFCR Credits
You are participating in this
but must exclude FFCR Credits

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