With the outbreak of COVID-19 across the nation, many businesses are currently and potentially facing revenue shortfalls that compromise their ability to cover operating expenses. 

CCD Business Development Corporation (CCD) has established a COVID-19 Loan Program to provide immediate assistance to enable businesses time to apply for additional assistance through other programs like the SBA Disaster Loan Program. 

COVID-19 Loan Program Overview: 

• Available to businesses located in Coos, Curry and Douglas counties.
• Maximum Loan $15,000
• 1% Loan Fee
• Use Personal Guarantees as Collateral
• Operating Company (Business) in business for at least two years.
• Provide 2019 Tax Return or CPA prepared financials showing positive earnings.
• Payments deferred for 3 months.
• Interest Rate 4%
• Five (5) year repayment period.

Note:  Applicant must provide proof they were unable to obtain loan request from a traditional lending source.

You can find the COVID-19 Loan Program Application on our website at www.ccdbusiness.org.