PORTLAND, Ore. (KTVZ) — Oregon’s financial institutions have helped nearly 55,000 Oregon businesses obtain more than $7 billion in loans through the Small Business Administration Paycheck Protection Program.
The loans – which will be forgivable for the majority of recipients – are designed to help businesses pay their employees during the COVID-19 pandemic.
Oregon banks and credit unions are ready to do more loans. With an estimated $100 billion still available in the program nationwide, more Oregon businesses can take advantage of the program.
More information is available at www.oregonbankers.com.
