Financial Resources

Background

Federal, state and local governments provide some financial assistance to small businesses in the form of loan programs. These loan programs generally do not provide funds for more than 30-50 percent of a business proposal and the loan applicants must demonstrate that they have sufficient capital, in addition to the loan, to fund the business. Loan applicants are also asked to demonstrate repayment ability, sufficient management expertise and commitment to successfully operate the business.

Many Oregon cities and counties have economic development programs which include financial assistance. A business should contact the city and county in which they are located, or are interested in locating, for details of their programs.

The following is a list of some financial resources available to small businesses. Contact your local Small Business Development Center or local economic development agencies for additional information on financial assistance in your area. 

Local Revolving Loan Funds

There are many revolving loan funds for small business financing administered by local governments and development groups. In most cases, funding has been provided by the Department of Housing and Urban Development through the State of Oregon or by the federal Economic Development Administration. For additional information, contact the U.S. Economic Development Administration at 503-326-3078.

Some local contacts for revolving loan funds in Oregon are listed below: 

Portland Development Commission
1900 SW Fourth Avenue, Suite 100
Portland, OR 97201
503-823-3201
 
CCD Business Development Corporation
744 SE Rose Street
Roseburg, OR 97470
541-672-6728
 
Mid-Willamette Valley Council of Governments
105 High Street SE
Salem, OR 97301
503-588-6177
 
Southern Oregon Regional Economic Development Inc.
332 West Sixth Street
Medford, OR 97501
541-773-8946
 
Mid-Columbia Economic Development District
400 E Scenic Drive, Suite 420
The Dalles, OR 97058
541-296-2266
 
Central Oregon Intergovernmental Council
2363 SW Glacier Place (to visit)
PO Box 575 (for mail)
Redmond, OR 97756
541-548-8184
 
Oregon Cascades West Council of Governments
1400 Queen Avenue SE (to visit)
PO Box 686 (for mail)
Albany, OR 97321
541-967-8551
 
NE Oregon Economic and Community Development District
105 Fir Street #321
La Grande, OR 97850
541-963-2399
or
101 NE First Street, Suite 100
Enterprise, OR 97828
541-426-3598 or 1-800-645-9454

Loan and Loan Guarantee Programs

The U.S. Small Business Administration (SBA) is a federal agency created by Congress to help small businesses. The SBA offers small firms financial assistance through guaranteed loan programs. To obtain information on the loan programs, contact the U.S. Small Business Administration​ at 503-326-2682.

The SBA also sponsors programs which provide business counseling and assistance with business development, international trade and obtaining government contracts. In addition, the SBA furnishes assistance for women and minorities in business.