Things were going well right from the start when Farm Unlimited opened for business in October 2019. The forestry consulting company in North Bend, Oregon, helps landowners with forestry management, whether they have 20 acres or thousands.
“It runs the whole range of planning, harvesting, reforestation and then young stand management to make sure those trees grow and become a great investment for the landowner,” says Farm Unlimited President Eric Farm.
Just months after getting the business off the ground, however, the COVID-19 crisis hit. “Everything stopped,” Eric says. “We were pretty nervous.”
Fortunately, the company had recently moved their banking to Oregon Pacific Bank. “When all this started happening, they were very responsive,” he says. “They were working on our PPP loan on Saturday, and by Monday we had funds in our account.”
Pam Plummer, Business Relationship Manager at our Coos Bay branch, makes it a point to build strong relationships with customers, so that she understands their business and is ready to help at a moment’s notice.
As a preferred lender for the Small Business Administration, Oregon Pacific Bank was poised to provide Paycheck Protection Program help and able to get applications processed quickly.
“I’ve had customers who have just broken down in tears, so thankful that we were able to help them—help them keep their doors open and their employees working,” Pam says.
With the PPP funds it received, Farm Unlimited found the breathing room it needed to continue operating during a difficult and unexpected time. Business has since picked up and they continue to be busy, helping forest landowners grow their own investments.
In all, Oregon Pacific Bank has loaned more than $125.2 million to 752 businesses and nonprofits in Lane, Coos, Douglas and Jackson counties, as part of the U.S. Paycheck Protection Program, retaining more than 15,000 local jobs. Part of the CARES Act, these forgivable loans provide a direct incentive for businesses and nonprofits to keep workers employed during the crisis.