© 2024 KLCC

136 W 8th Ave
Eugene OR 97401

Contact Us

FCC Applications
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Benton County Accepting Applications For Small Business Loan Fund

Greg Keene
Benton County

Small businesses in Benton County have a week to apply for a new emergency loan fund.

The fund is for companies with headquarters in Benton County, and have 40 or fewer employees. It’s meant to offset hardships created by shutdowns meant to slow the spread of the coronavirus pandemic.

Businesses have until May 15 to apply for loans of between $5,000 and $10,000. The fund consists of $100,000 from Benton County and $50,000 from a non-profit called Community Lending Works. Recipients won’t be charged any interest on the loan for the first 12 months.

A press release from Benton County says that program managers will use a lottery system to disburse the funds. About one-third of the money will be set aside for rural or minority-owned businesses.

Businesses located within Albany city limits are not eligible.

Chris Lehman has been reporting on Oregon issues since 2006. He joined the KLCC news department in December 2018 and became News Director in March 2023. Chris was born and raised in Pennsylvania, and graduated from Temple University with a degree in journalism. His public broadcasting career includes stops in Louisiana and Illinois. Chris has filed for national programs including “Morning Edition” and “All Things Considered.”
Related Content