We know times are hard right now due to the impacts of COVID-19. Reedsport Main Street Program wants Reedsport businesses to know that we are here for them. Below are resources available to businesses.
The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
Page last updated: July 9, 2020
Help us help you!
Please take this survey to help RMSP determine the local damages to businesses caused by the COVID-19 pandemic so we can figure out how to best serve you.
If you already received grant funding from CCD in rounds 1, 2 or 3 your business may qualify for an additional grant in round 4. Our team will be contacting you in the coming weeks.
Southwestern Oregon Small Business Development Center - training, loan application assistance, general assistance with questions during this time and connections to other "larger fish" that offer funding assistance (based out of Southwestern Oregon Community College)
Soutwestern Oregon Workforce Investment Board - SOWIB is a 501(c)3 nonprofit that invests federal and state funds into the workforce in Coos, Curry, and Douglas Counties.
South Coast Development Council - SCDC is the South Coast's economic development district, and they are available to help guide you through this weird time for your business and help you determine which resources your business could utilize. SCDC tends to act as a regional first stop for a lot of businesses making inquiries and they can help get you to the right people. Click here for SCDC's COVID-19 page, or Contact Shaun Gibbs at Shaun@scdcinc.org
CCD (Coos, Curry, Douglas) Business Development Loan - This program is to provide immediate assistance to enable the business time (if eligible) to apply for additional assistance through other programs like the SBA Disaster Loan Program.
Operation: Main Street - an online economic recovery hub for Oregon Businesses and nonprofits from Senator Jeff Merkley's office.
USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Read the full announcement to learn more about the opportunities USDA Rural Development is implementing.
Funding Resources for Small Businesses
CCD (Coos, Curry, Douglas) Business Development Loan - This program is to provide immediate assistance to enable the business time (if eligible) to apply for additional assistance through other programs like the SBA Disaster Loan Program.
Rural Business Development Grant (RBDG) Program - supports targeted technical assistance, training, and other activities leading to the development or expansion of small and emerging private businesses in rural areas
Cerf+ - emergency assistance available to established artists working in a craft discipline that meet eligibility requirements
Local Reedsport Banks
First Interstate Bank has info on loans under the Paycheck Protection Program and CARES Act
First Community Credit Union - FCCU is offering Small Business administration and Paycheck Protection Program loans. More details here.
The CARES Act
**The Trump administration authorized another $310 billion on April 24. Like the first round, funds will likely be used quickly, so turn in your application ASAP**
The largest economic relief package in U.S. history was passed at the end of March and provides multiple resources for economic support for U.S. Businesses.
US Travel has compiled guidance on what the different parts of the CARES Act means for you and your business. They also provide clear guidance on eligibility around available resources.