Agency / Department: Oregon Pacific Bank
Resource: Community Emergency Loan Fund
Details: Through its Community Emergency Loan Fund, Oregon Pacific Bank has committed to lend up to $5 million to local business and non-profit agencies that are headquartered and operate in Eugene, Florence, Coos Bay, Medford and Roseburg. The funds are to be invested in local communities to reduce the economic impact of COVID-19. Each loan is not to exceed $100,000 or 50% of 2019 sales. The loans will start with 12-months of interest-only payments, with 0% interest for the first 6 months.