Upcoming Events

Upcoming Events



American Rescue Plan Act 2021/CARES Act 2020 for Small Businesses

U.S. Small Business Administration (PPP, EIDL, and other loans & grants)
March 30th

President Joe Biden signed the Paycheck Protection Program Extension Act into law! Eligible small businesses can now apply for a loan through May 31.

March 11th

American Rescue Plan Act Elevates Small Business Support 

Today President Biden signed the American Rescue Plan Act of 2021 into law providing additional relief for the nation’s small businesses and hard-hit industries.

This includes additional support for programs the SBA is currently administering and adds new efforts, including:

  • $7.25 billion additional for the Paycheck Protection Program, including to expand eligibility to additional nonprofits and digital news services
  • Additional funds are allocated for the Shuttered Venue Operators Grant (SVOG) program, and now allows businesses to apply for both a PPP loan after Dec. 27, 2020, and the SVOG
  • $15 billion additional for Targeted Economic Injury Disaster Loan Advance (EIDL) payments, including NEW $5 billion for Supplemental Targeted EIDL Advance payments for those hardest hit
  • NEW: $28.6 billion for the Restaurant Revitalization Fund for industry-focused grants   
  • NEW: $100 million to establish a Community Navigator pilot program; grants will go to eligible organizations supporting efforts to improve access to COVID–19 pandemic assistance programs and resources.  
February 22nd

– President Biden announced Monday, February 22nd important changes to the PPP, including a two-week window for businesses with fewer than 20 employees.

  • In order to reach the smallest businesses, SBA will offer Paycheck Protection Program loans to businesses with 20 or less employees and sole proprietors only from Wednesday, February 24 through Wednesday, March 10, 2021.
  • President Biden has also announced additional program changes to make access to PPP loans more equitable.
January 20th

– SBA has issued a new forgiveness application for PPP loans under $150k. Link HERE.

January 8th

– SBA, in consultation with The U.S. Department of the Treasury, announced today that the #PaycheckProtection Program will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.

To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter.

This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.

𝗞𝗲𝘆 𝗣𝗣𝗣 𝘂𝗽𝗱𝗮𝘁𝗲𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan

𝗔 𝗯𝗼𝗿𝗿𝗼𝘄𝗲𝗿 𝗶𝘀 𝗴𝗲𝗻𝗲𝗿𝗮𝗹𝗹𝘆 𝗲𝗹𝗶𝗴𝗶𝗯𝗹𝗲 𝗳𝗼𝗿 𝗮 𝗦𝗲𝗰𝗼𝗻𝗱 𝗗𝗿𝗮𝘄 𝗣𝗣𝗣 𝗟𝗼𝗮𝗻 𝗶𝗳 𝘁𝗵𝗲 𝗯𝗼𝗿𝗿𝗼𝘄𝗲𝗿:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020

➡️ Learn more: http://ow.ly/d99350D3sT8

December 27th

– President Donald Trump signed a $900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. See full article HERE.

The package will reopen the Paycheck Protection Program so that some of the hardest-hit small businesses can apply for a second loan. The program stopped taking applications for the first round of loans in August. This second round will terminate on March 31, 2021.

  • More information is coming soon on the specific reopening date. Keep an eye on the SBA Coronovirus Relief Program page HERE.
  • US Chamber has a useful guide to small business loans, HERE.
  • The second loans will be limited to those with fewer than 300 employees that have seen drops of at least 25% of their revenue during the first, second or third quarter of 2020. It also reduces the amount a borrower can receive from $10 million to $2 million, gives businesses more flexibility on how they spend the money and simplifies the forgiveness process for loans under $150,000.
  • It carves out $12 billion for minority-owned businesses. It also expands eligibility to more nonprofits as well as local newspapers, TV and radio broadcasters.

March 22nd

– SBA Economic Injury Disaster Loan Declaration has been approved for Clatsop County and all of Oregon! Disaster Declaration #16378. The Economic Injury Disaster Loan assistance declaration issued by the SBA makes low-interest loans available statewide to small businesses and private, non-profit organizations, as well as homeowners and renters to help alleviate economic injury caused by the Coronavirus. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. If you have questions, please contact their Customer Service Center at 1-800-659-2955 or (TTY: 1-800-877-8339) DisasterCustomerService@sba.gov.

Struggling to get started? The following questions might help point you in the right direction. Do you need:

Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you.

A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant.

To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help.

Funding Programs

-(EIDL) Economic Injury Disaster Loans. Federal Disaster Loans for Businesses, Private Non-profits, Homeowners and Renters Apply Today!

-Home Loans or Sole Proprietor Loans. Homeowners and Renters must register with the Federal Emergency Management Agency (FEMA) to obtain a FEMA Registration ID Number by calling 1-800-621-3362 prior to applying for an SBA loan. Apply Today!

-Economic Injury Disaster Loan Emergency Advance. This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. The Emergency Advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid. Apply Today!

-SBA Express Bridge Loans. Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan. Apply Today!

-SBA Debt Relief. The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. Apply Today!

-(PPP) Paycheck Protection Program Loans. Program details. The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Contact your local lender for more details. Great resource for FAQ's on the PPP loans.


U.S. Chamber- Guide to Small Business COVID-19 Emergency LoansWhat Small Businesses Need to Know About the New Pandemic Relief Package – Changes to PPP and More.

U.S. Department of the Treasury- CARES Act: Assistance for Small Businesses

U.S. SBA- Small Business Guidance and Loan Resources (7(a) program, Express, Community Advantage, 504, Microloan)

U.S. Senate- Small Business Owner's Guide to the CARES Act. Information about the major programs and initiatives from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

Clatsop CC CEDR Small Business Development Center (503) 338-2402



Paycheck Protection Program


Shuttered Venue Grant

EIDL Emergency Advance

EIDL Emergency Advance

Bridge Express

SBA Express Bridge Loans

Debt Relief

SBA Debt Relief