ATNI-EDC Covid-19 Response

On this page, you will find information about:

State of Oregon Grants

A new round of Business Oregon Grants opened on 10/1/20. Even if you have already received a Business Oregon Grant, or if you didn’t qualify in the previous rounds, you may now be eligible. Click the link above for more information.

ATNI-EDC Emergency Loans

The ATNI-EDC Emergency Loan Program is now open. Funds are available to Native-owned businesses in the ATNI Region (broadly Oregon, Washington, and Idaho). Click the link above for more information.

ATNI-EDC Forgivable Loan Program

The ATNI-EDC Forgivable Loan Program is currently closed.

For questions on any of these programs,please contact Michelle Ramey at michelle@atniedc.com, or (971) 284-3165.

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State of Oregon Covid-19 Emergency Business Grants – Round 4

The Oregon Legislature, in partnership with the Governor, allocated $22.5 Million of federal CARES Act funds for the purpose of providing financial assistance to small businesses adversely affected by economic conditions as a direct result of the COVID-19 pandemic.

COVID-19 Emergency Business Grant awards are also now available to eligible businesses that have received less than $100,000 in federal funding. Businesses may use the proceeds for any business-related operating expenses. Below are links for two applications, for past recipients and new applicants.

Past Recipients

This application is only for businesses that have already received funding through the State of Oregon COVID-19 Emergency Business Grant Program.
As past recipients of grant awards have already provided verification of economic injury due to the COVID-19 pandemic, they will not be required to provide financial information again. Eligible businesses must continue to meet the following program eligibility requirements:

  • The business is headquartered in Oregon and has its principal operations in Oregon.
  • If required by Oregon law to be registered with the Oregon Secretary of State to do business in Oregon, the Business is so registered.
  • The business has 25 or fewer employees.

New Eligibility Criteria

To fill gaps not reached by other programs, these federal funds are directed to adversely affected businesses with 25 or fewer employees. COVID-19 Emergency Business Grant awards will be made to eligible businesses that have received less than $100,000 in federal funding. Businesses may use the proceeds for any business-related operating expenses.

This application is for a business that meets all of the following eligibility requirements and hasn’t received funding through the State of Oregon COVID-19 Emergency Business Grant Program:

  • The business is headquartered in Oregon and has its principal operations in Oregon.
  • If required by Oregon law to be registered with the Oregon Secretary of State to do business in Oregon, the Business is so registered.
  • The business has 25 or fewer employees.
  • The business was adversely affected in either one of the following two ways:
    • For-profit and non-profit (limited to 501(c)(3) corporations) businesses that were prohibited from operation as directed by Executive Order 20-12.
    • For-profit and non-profit (limited to 501(c)(3) corporations) businesses that can demonstrate a one-month decline in sales of 25% or more, incurred by the COVID-19 pandemic, between March 1, 2020 and August 31, 2020 as compared against the same period of time in 2019.

Application Process

Awards to eligible businesses will be made as a grant. The amount of the grant will vary between $5,000 to $50,000. Past grantees are eligible to apply for the balance of their award.

ATNI-EDC has received $250,000 to distribute to Native-owned businesses that meet the criteria defined by Business Oregon.

Completed applications may be emailed it to info@atniedc.com, or mailed to:

ATNI-EDC
PO Box 66592
Portland, Oregon 97290-6592

For questions, please contact Michelle Ramey at michelle@atniedc.com, or (971) 284-3165.

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ATNI-EDC Emergency Loan Fund

The Department of Commerce Economic Development Administration’s Revolving Loan Fund Program provided $500,000 of capital to respond to the COVID-19 pandemic.  ATNI-EDC is using this capital by providing a low-interest loan to businesses that have been adversely affected by the COVID-19 pandemic.

Eligibility

The ATNI-EDC Covid-19 Response Emergency Loan is available to Native-owned businesses operating on or near tribal areas in the ATNI region (broadly Oregon, Washington, and Idaho). Businesses must demonstrate that the loan funds will be used to mitigate hardships associated with the COVID-19 pandemic.  Businesses that have received other financial relief will not be disqualified from this loan program and are welcome to apply. 

Loan Amounts, Terms, and Rates

  • Loan amounts may be requested between $5,000 and $25,000
  • No loan payments are required for the first six months
  • Loans must be repaid within three years
  • Interest rates are:
    • 2.75% year 1
    • 5% year 2
    • If loan is not repaid in full within 2 years, the interest rate will increase to 8% thereafter
  • Closing fees are waived
  • Loans up to $10,000 may be secured with only a personal guarantee.  Loans between $10,001 and $25,000 must be appropriately collateralized above and beyond a personal guarantee

Application Process

To apply, complete the short application form. Applications will be accepted on a rolling basis through the earliest of May 30, 2022, or until funds are expended.

Completed applications may be emailed it to info@atniedc.com, or mailed to:

ATNI-EDC
PO Box 66592
Portland, Oregon 97290-6592

For questions, please contact Michelle Ramey at michelle@atniedc.com, or (971) 284-3165.

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ATNI-EDC Covid-19 Response Forgivable Loan Program

In response to the Covid-19 crisis, ATNI-EDC is focusing its efforts on supporting Native-owned small businesses in the ATNI Region.  ATNI-EDC received funds to seed the ATNI-EDC Covid-19 Response Emergency Forgivable Loan Program from the Oregon Small Business Stabilization Fund, managed by the Oregon Community Foundation. The Oregon Small Business Stabilization Fund was comprised of State and philanthropic resources.

The ATNI-EDC Forgivable Loan program was launched on April 20, 2020 and closed on June 1, 2020. The Application Review Committee, comprised of staff and leadership of ATNI-EDC, Oregon Native American Chamber, and NAYA met weekly throughout the application period to review applications.

By the close of the program, the review committee approved $93,000 to support 62 Native-owned, Oregon-based small businesses.

ATNI-EDC is seeking funds to grow the Forgivable Loan program to support small businesses throughout the ATNI Region.