Agency / Department: Micro Enterprise Services of Oregon (MESO)
Resource: 40/60 Loan Product
Details: Underserved small business owners looking to recover from the impacts of COVID-19 now have an option for accessing affordable capital thanks to Micro Enterprise Services of Oregon (MESO), and its new 40/60 (40/60) Loan Product. Funding for 40/60 is being provided by multiple governmental agencies. MESO is geared to offer this service across Oregon and SW Washington.
Minority and women-owned businesses traditionally have had a harder time accessing capital at affordable terms from traditional sources, a disparity that has been heightened by the COVID-19 pandemic. The program features highly-flexible terms that address the need for capital while also minimizing the debt burden on the business.