Last updated: Monday, Aug. 10, 2020

Last updated by Dave Price, Oregon Coast SBDC

Today’s Latest Updates

Latest PPP Forgiveness FAQ (Updated 8.4.20)

{Read it here.} Check out this resource from the SBA as you work to determine your PPP forgiveness. Lenders are generally not processing applications for forgiveness yet.  They may be accepting the forgiveness paperwork, but they are not yet processing it through the SBA.

Forbes Article boils down PPP Forgiveness FAQ (above): What you need to know

Read the article.

EIDL Program Ends

The SBA announced July 12 that the EIDL advance program had ended, as the $20B allocated to the program had been fully expended. Businesses can still apply for EIDL loans.

SBA releases ‘EZ’ PPP Forgiveness Application Form

SBA Releases NEW Forgiveness Application … along with simpler “EZ” version. Jump to SBA PPP Forgiveness Info

Additional information

As businesses in Lincoln County reopen with the Phase 1 reopening, they need to do so with care to avoid penalties and to protect their employees and patrons. The State of Oregon has released guidance (including required and recommended steps and procedures) for various industries. There is a separate document featuring guidance for all employers. View that document here, as well as from the list on the page linked immediately below.

Venue and Event and Gatherings guidance (June 4)

Indoor and Outdoor Entertainment guidance (June 4)

Restaurant Guidance (Posted June 4)

Phase One Breakdown

Here is the most recent Reopening Oregon PowerPoint (May 7)

COVID-19 Emergency Business Financial Support Programs

Grants Loans Other
Economic Injury Disaster Loan, EIDL  (SBA/Federal – Grants Portion Closed, Loan Apps still accepted) Paycheck Protection Program, PPP [Forgivable] (SBA/Federal) Lincoln City Funding Program (Closed.)
Lincoln County/Newport/Yachats Grant Program Yachats Loan Program Oregon Unemployment Assistance
Travel Oregon grant program  (Closed.)  
Depoe Bay grant program   

Fraud Alert

The SBA Programs recently issued a scam & fraud alert: If you are in the process of applying for an SBA loan and receive email correspondence asking for PII, ensure that the referenced application number is consistent with the actual application number. Look out for phishing attacks/scams utilizing the SBA logo. These may be attempts to obtain your personally identifiable information (PII),to obtain personal banking access, or to install ransomware/malware on your computer. Any email communication from SBA will come from accounts ending with sba.gov. The presence of an SBA logo on a webpage does not guaranty the information is accurate or endorsed by SBA. Please cross-reference any information you receive with information available at www.sba.gov.


Assistance in Spanish

COVID 19 Información y Recursos para Negocios Pequeños

Spanish-Language webinar for businesses coping with COVID-19: April 16, 1-2pm
https://www.facebook.com/events/1714289378712638/ 
https://linnbenton.zoom.us/meeting/register/vJwpcemsqTMjWF1vn3M8OdebxTDmijLoOg?fbclid=IwAR3oWlMYT1wHsl6BsFe6Vrwa82IjxPrbLcln1BJV8ajd47FvStldtURBcpE 


Online Workshops

This Summer, the SBDC will continue responding to the COVID-19 outbreak with a series of classes and workshops, delivered direct to your home or office via live videoconference. The lineup will be updated throughout the Summer. Check out the lineup, here. 


Free Advising

Every business in Lincoln County is sure to feel the effects of the pandemic in one way or the other. No business should feel they have to ‘go it alone.’ Your SBDC, and its army of partners and affiliate agencies and individuals, are here to help.

Click to register now for free, confidential, one-on-one business advising – delivered soon, and via live video or teleconference, from our offices here in Lincoln County

The resources on this page will continue to change. This is a fluid and unpredictable situation. If you don’t find what you’re looking for, contact us via email or call 541-994-4166.

Oregon Coast Community College