Business Organizations

How PPP loans helped Lane County nonprofits

From providing critical community relief to planning out various scenarios for keeping the Olympic Trials going, federal loans helped nonprofit organizations continue key work during the coronavirus pandemic. 

Between April 2020 and May 2021, $868.6 million came into Lane County from the federal Paycheck Protection Program, which aimed to provide relief to businesses during the COVID-19 pandemic. 

The federal government, through private lenders, doled out loans to around 6,500 businesses in Eugene, Springfield and the rest of Lane County, according to a Register-Guard analysis of the U.S. Small Business Administration’s data. 

Read more:*For subscribers* Lane County employers got $868.6 million in PPP loans. Where did the money go?

That analysis also found at least 264 of the loans, totaling $58.9 million, went to nonprofit organizations.