Click "Download Application" above for all information regarding this Loan, including the Application

Please send completed application and required initial documents to:
If you have questions about the application or the Emergency Plan, please contact Christine Jarski at [email protected] or (541) 962-5994. 

 Loans are limited to a maximum amount of $10,000 and will require an application and approval using the current Emergency Loan Program provisions. Priority for loan approval will be to businesses that have not received a City of La Grande Emergency Loan and are subject to the most restrictive State mandates such as required closures.

Under this program businesses would have two options:

1. The current 4-year, 1% interest Long-Term Loan, no payments for six months, interest only for the following six months, and principle and interest for the following three years, no early pay-off penalty.

2. New 18-month, 0% interest Short-Term Loan, no payments for six months followed by 12-month payments of principle.

The Emergency Business Loan Is Intended To: 

• Help businesses remain solvent through the crisis and be ready/able to rebuild;
• Fill specific cash flow gaps in businesses’ larger efforts to scale down, reduce expenses, and take any additional defensive measures to     survive the crisis.

The Emergency Business Loan is NOT:

• Intended to replace lost business income;
• Intended to fund pre-crisis-level operations;
• A mechanism to pay wages of staff that the business can no longer financially support;
• A low cost business loan for industries relatively un-impacted by the crisis.

Eligible Businesses:

• MUST be physically located within the City of La Grande City Limits;
• Those immediately impacted by public health restrictions;
Had 50 or fewer employees when operating at full scale (defined as December 2019); 
• Were generally stable/strong prior to the crisis.

Acceptance of this loan includes a commitment to monthly reporting and ongoing technical assistance.

 Initial Required Documentation

1.  Completed City of La Grande Emergency Loan Application

2.  2019 Tax Filing or 2019 Profit and Loss Statement

3.  February 2020 30-Day Interim Financials

4.  Attach a copy of your current business plan.  If you do not have a business plan, you will be asked to complete one prior to month 3 of your deferral.



FAQs - Frequently Asked Questions




Q: Is my business eligible for this loan if our business is operating as usual?

A: No. This loan is designed to help businesses combat short-term crisis-related adverse conditions.




Q: Am I eligible if my business is completely closed due to public health restrictions?

A: Yes. We understand that businesses may have zero income during this time. We ask that you also explore every possible other measure of support (e.g. forbearance on existing loans, reduction in rent, etc.)




Q: What can the loan be used for?

A: It depends. Each business will have unique needs, so you will need to clearly explain in your emergency plan how the funds will be used and how that will help you through the crisis. It might be covering rent/insurance while your restaurant is closed. It might pay off net 30 invoices from pre-crisis. There are no specific limitations. 




Q: Are borrowers required to personally guarantee this loan?

A: Yes.





Q: What happens if this crisis extends longer than expected, my contingency plan doesn’t work, and I have to close the business permanently?

A: None of us can predict the duration or extent of this crisis. If your business closes permanently within the next 12 months, we will do our best to work with you on a solution.





Q: If I already have an Urban Renewal Loan, does this loan release me from my existing loan payments or other financial obligations?

A: No. Any desire to modify existing loan payments must be requested separately.




Q: Do I need collateral for the loan?

A: No.





Q: What happens when/if the loan fund runs out of money?

A: We expect that this will happen. When it does, we will place applications on a waiting list in date/time order of submission.  Qualified loans will be reviewed for priority criteria and funded on a first come, first-served basis.