The Portland Small Business Relief Fund loan application opened on April 8 at 9am and will close on April 11 at noon. Up to $50,000 in zero-interest loans will be available for Portland businesses with $5 million or less in annual gross revenue. Prosper Portland has $1 million of available funding for the loan program.
The Portland Small Business Relief Fund will provide grants and zero- 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.