This link contains a tool to check if your business is in a federally-designated "Disaster Area".
Currently, most Oregon counties are not classified as a Disaster Area, however, this is likely to change very soon.
Once Oregon, or your specific county, is declared a Disaster Area, you can file an application for emergency loan relief via the same link above.
The SBA is a federal entity that will provide up to $2MM in low interest, long term loans to your business if you have no other sources of financing available.
Will my insurance cover loss of revenue or other fallout from the COVID-19 situation?
Potentially, but based on discussions we've had with our insurance brokers, it's not likely.
Most insurers exclude virus & other disease outbreaks from covered events for loss of revenue and similar policy coverage.
We are not insurance agents; check with your broker/agency to learn more about what your policy may or may not cover.
How do I keep my customers & team as safe as possible during this outbreak?
Review & uphold guidelines issued by the Center for Disease Control (CDC) by clicking here.
Below are tips from the Remote.ly team that may help you weather this crisis if your business is negatively affected by COVID-19:
Get your books & 2019 taxes in order as quickly as possible. Once (or if) SBA disaster loan programs become available to Portland-area companies, you want your financial house to be in order to expedite your loan application.
Buy gift cards from your favorite local businesses. It's a great way to support them while avoiding in-person use of their products and/or services.