Contact:
Mercy Bordeaux
Illinois Valley Community Development Organization (IVCanDO)
Phone: 541-592-4440
Email: outreach@ivcdo.org
Website: www.ivcdo.org/pier
New PIER Revolving Loan Program Offers Affordable Relief for Fire-Affected Jackson County Businesses
Jackson County, OR — Businesses impacted by the devastating 2020 Labor Day fires—including the South Obenchain and Almeda Fires—now have a new financial lifeline through the PIER Revolving Loan Program. Designed to support economic recovery, the program provides low-interest loans to eligible businesses with unmet needs after accessing other recovery resources.
Eligible businesses must meet the following criteria:
- Located in Jackson County
- Directly or indirectly affected by the 2020 Labor Day fires
- Have unmet financial needs not covered by insurance or previous aid
- Must meet economic criteria or serve an urgent community need
- Have 100 or fewer employees
The PIER Loan Program offers critical advantages over traditional lending:
- Loan amounts up to $50,000
- Fixed interest rate of just 5% – well below typical bank rates, which are currently several percentage points above the prime rate of 7.5%
- No penalty for early repayment
- Opportunity to build or improve business credit
“This is an ideal solution for businesses still recovering from the fires who haven’t been able to secure affordable funding elsewhere,” said Lindsey Jones, Executive Director. “We’re offering not just capital—but a chance for long-term stability and growth.”
Interested businesses can learn more and apply at https://ivcdo.org/pier_loans/.
About the PIER Loan Program
The PIER (Planning, Infrastructure, and Economic Revitalization) Revolving Loan Program was developed to support resilient economic recovery in Southern Oregon. Backed by local partners, the program targets small businesses that have exhausted other avenues for disaster relief.
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