The Small Business Administration closed the Disaster Loan Outreach Center in Portland recently, but businesses affected by the December through January snow storm have until Nov. 12 to apply for assistance loans.
The center was set up for small businesses in counties on both sides of the Columbia River.
The emergency declaration covers the primary Oregon counties of Columbia, Hood River, Multnomah and Washington as well as the neighboring counties of Clackamas, Clatsop, Tillamook, Wasco and Yamhill in Oregon and Clark, Cowlitz, Klickitat, Skamania and Wahkiakum in Washington.
SBA is offering working capital loans of up to $2 million at an interest rate of 4 percent with terms up to 30 years.
The loans may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. These loans can provide vital economic assistance to small businesses affected by the severe winter storms to help overcome the temporary financial impacts they are experiencing.
At the Disaster Loan Outreach Center at 10317 E. Burnside in Portland, SBA customer service representatives are available to meet individually with each business owner to explain how an SBA disaster loan can help finance their recovery.
The center is open weekdays 9 a.m. to 6 p.m. until Wednesday.
Businesses impacted by the winter storm have until Nov. 12 to apply for an SBA loan.
Information and forms are available from the SBA by calling 800-659-2955 or visiting its Web site, (www.sba.gov)