Details of Next Paycheck Protection Program Funding Outlined


The Umatilla Electric Cooperative Business Resource Center learned details of the second round of the Paycheck Protection Program funding.

Business resource center team members just recently participated in a webinar led by Small Business Administration officials.

The major takeaways are:

  • The rollout will take place gradually
  • Currently, the only portal available to apply is through MOFI
  • The application and answers to frequently asked questions about the program including any changes are here.
  • Funding will become available through smaller community lenders in the next couple of weeks, but SBA has not yet announced a specific date
  • Those who have received PPP funding are eligible to re-apply but they must be able to demonstrate a 25% reduction in revenue
  • Business owners who have not yet completed the forgiveness application are eligible to apply
  • A substantial increase has been allowed for restaurants

For more information, contact the UEC Business Resource Center 541-289-3000 or


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