News and Opinion from Sisters, Oregon

Bank offers lines of credit for businesses

Washington Federal Bank is offering small businesses lines of credit up to $200,000 interest free for 90 days for those affected by COVID-19. The bank, which has a branch in Sisters, has committed $100 million in lines of credit to help small businesses weather the crisis brought on by restrictions mandated to slow the spread of the coronavirus.

“Businesses are really struggling as our neighbors limit shopping and eating at restaurants to follow public health orders to avoid large crowds,” said President and CEO Brent Beardall. “We want to offer these affected business owners a lifeline to help them make it through this crisis.”

The bank has expedited lines of credit up to $30,000, available for creditworthy businesses that have been in operation at least two years and can show a 10 percent loss in revenue due to coronavirus impacts.

For more information visit Washington Federal Bank.


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