Posted on July 14th, 2020 at 11:42 am.
Local bike businesses were among the hundreds of thousands of U.S. companies that asked the federal government for assistance to weather the coronavirus storm.
Data released from the Small Business Administration last week revealed that at least four Portland bike shops and two other bike-related businesses received loans through the Paycheck Protection Program (PPP).
Here’s the list (company name, loan amount, number of jobs retained (if available)):
Fat Tire Farm
River City Bicycles