Application Period for Commercial Rent Relief Now Open

Date: March 15, 2021

State agency is offering $100 million in help for small businesses

Oregon Business began offering small businesses $100 million in commercial rent relief on March 8. According to the state agency’s website:

“The Oregon Legislative Emergency Board on January 8, 2021, allocated $100 million to fund a new Commercial Rent Relief Program to provide financial assistance to small businesses and landlords adversely affected by economic conditions as a direct result of the COVID-19 pandemic.

“The program targets landlords with tenant businesses with 100 or fewer employees who are behind on lease payments or any forgiven base rent amounts that have been negotiated due to COVID-19. The program will require both business tenant and property owner participation. The program includes additional protections for tenants, such as non-eviction clauses, and a waiver of penalties and interest.”

NFIB members interested in participating can go to this webpage for further information.

Related Content: Small Business News | Loans | Oregon

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