Oregon Small Business Stabilization Grants
The Oregon Small Business Stabilization Fund was developed to support nonprofits in Oregon that provide loans or grants to small businesses particularly affected by the outbreak of COVID-19. This program has distributed all available funding and is no longer accepting applications.
Small businesses are not eligible to receive grants. View resources for small business owners.
Please note that we will continually evaluate the needs of our communities. Due to the changing nature of this outbreak, the types of projects and available funding from this program may also shift over time.
Generous community partners are supporting this fund. They include: Bank of America, Columbia Bank, Comcast, JP Morgan Chase, Key Bank, Lemelson Foundation, NW Natural, Oregon Growth Board/Business Oregon, Portland General Electric (PGE), The Ford Family Foundation, Tillamook, Umpqua Bank, US Bank and Wells Fargo. Funding is provided in part by the Oregon State Lottery and administered by the Oregon Growth Board.
Questions about applying to the Oregon Small Business Stabilization Fund:
No. OCF can’t make grants to small businesses. Please see our list of resources for small businesses.
Grants will be awarded to community lending organizations or other nonprofit intermediaries. Examples include: Community Development Financial Institutions, Credit Unions, City or County Economic Development Districts, Tribal Economic Development Agencies.
OCF does not yet have formal guidelines for what makes an application competitive. OCF’s grant priorities include marginalized groups such as small minority-owned, women-owned and rural businesses. Sharing the current needs of the small businesses your organization serves will help us identify additional priorities and work towards guidelines. The application is intended to gather information quickly in order to develop strategies. We’re figuring this out alongside our community and will adapt as we go.
OCF staff are working diligently to create responsive strategies in collaboration with stakeholders across Oregon. Unfortunately, we do not have the capacity to respond to all questions about funding or accept requests for individual meetings. Please submit an application that best describes your current needs and OCF staff will reach out for more information as needed.
Intermediaries based in or doing work in Oregon are eligible to apply. In addition, we will currently review applications from organizations who serve Clark County, WA.
This program utilizes the same application portal as the Oregon Community Recovery Grant Program, so there is no need to apply again. Applications submitted before this program was launched will be re-directed to the program. OCF will reach out with additional questions for your application as needed, including any updates you’d like to make.
Guidelines are not yet available, as we want to hear your needs. Apply for an amount that suits your current situation, knowing available funds are not unlimited and the need is great.
Applying does not guarantee that your organization will receive a distribution from the Oregon Small Business Stabilization Fund.
We will review applications on an ongoing basis and make decisions weekly about distributions based on availability of funds and the critical needs we identify.
Apply as one organization, but please specify all the communities you serve.
We expect this program to stay open for six months. We will evaluate whether it is needed beyond that as the situation with COVID-19 continues to evolve.
We see you; we hear you; and we know the generosity of Oregonians can make an impact.