Oregon Industrial Development Bonds
Tax-exempt bonds issued by the state of Oregon provide long-term debt financing at a rate below prime for land, buildings and equipment. These finance job creation and business growth for traded-sector, value-added manufacturers and processors.
Oregon Express Bond Program
This program uses much less paperwork and highly standardized documents to save borrowers time and money during the borrowing process. Express Bonds are placed with the borrower’s bank, and may be feasible for financing projects within the $500,000 to $5 million cost range.
Oregon Credit Enhancement Fund (CEF)
This program insures the repayment of loans made by lenders that provide working capital or fixed-asset financing to businesses. It can assist businesses using proceeds to clean up a brownfield site. It can include loans used for fixed assets, working capital or export financing, and it can insure term loans and lines of credit. Available through June 30, 2015.
Oregon Business Development Fund (OBDF)
A revolving loan fund that provides long-term fixed-rate financing for land, buildings, equipment, machinery and permanent working capital. A participant must create or retain jobs and must be a traded-sector business in manufacturing, processing or distribution.
Oregon Capital Access Program (CAP)
The CAP helps lenders make more commercial loans to small businesses and provides capital for startup or expansion. CAP is used for most business purposes, except to purchase or improve residential housing or real property not used for business operations, or for refinancing an existing balance of a non-enrolled loan. All types of loans and lines of credit are available.
Entrepreneurial Development Loan Fund
Provides direct loans to help start-ups, micro-enterprises and small businesses expand or become established in Oregon. This fund fills a niche not provided through traditional lending markets. Loans are a maximum amount of $100,000, a maximum term and amortization of 5 years and a fixed interest rate of Prime plus 2% APR.