The Yachats Emergency Business Loan is available now until the fund is fully committed.
This loan is available to small businesses located within the City of Yachats which have a valid Yachats business license and are adversely impacted by the COVID-19 crisis.
Loan terms:
- Amount: $4,000
- Interest Rate: 2%
- Term: up to 48 months
- Mandatory monthly business check-in & financial reporting during zero payment period
- Repayment Schedule:
- Months 1-12, zero interest & zero payments (principal deferred)
- Months 13-48 term principal & interest payments
If you have questions or need assistance, please email seth@communitylendingworks.org.
Please note, we are not available by phone, Friday – Sunday, email only.
Thank you…be safe & stay healthy!