ROGUE RIVER, Ore. — Hundreds of thousands of dollars – maybe even millions – were lost by local companies because of the wildfires in Southern Oregon. Now there could be help in the form of just-approved disaster assistance loans.
Rafting companies took a major hit when the Big Windy Complex shut down the Wild and Scenic portion of the Rogue River. The closure came at the busiest time for the outfitters who ended up canceling trips for several weeks.
No formal numbers have been released, but some in the industry estimate the total loss at $100,000 a day, industry wide. Govern Kitzhaber recently sent out a survey to business owners impacted by the fires and just this week requested special assistance on their behalf.
The Small Business Association is offering federal disaster loans to small businesses who felt a crippling financial loss because of the fires. The businesses that qualify can get up to $2 million to pay things like fixed debt, payroll, account payable and other bills.
These particular loans have very low interest at just 4% for “for-profit” businesses and under 2.9% for non-profits. Click here for more information.