Important Notice:

The Small Business Relief Fund loan applications are now closed. Need additional business support? Contact the City of Portland information line at (503) 823-4000.

Additional resources, including the SBA’s federal disaster loans and other programs can be found on our Business Resources page. If you haven’t already, please sign up for our email updates about COVID-19 resources for your business.
 

Small Business Relief Fund

The Portland Small Business Relief Fund will provide grants and zero- interest loans to support Portland small businesses experiencing hardships related to COVID-19. The goal of the fund is to provide immediate relief by helping business owners retain their businesses and their employees as a bridge of support before additional state and federal resources become available in the coming months.

Prosper Portland has $1.38 million of available funding to offer impacted community businesses through the grant program, and $1 million of available funding for the loan program. Prosper Portland will manage the application and selection process for these emergency relief grants and loans. We will use specific criteria to prioritize support for the most vulnerable businesses. Community Development Financial Institutions (CDFI) partners will process grant and loan payments once applicants are selected to simplify and speed up the disbursement process. Prosper Portland is working with private, public and philanthropic funding partners to generate additional support for businesses.