Agendas & Minutes
Renewable Energy
FAQ
Contact Us

South Central Oregon Economic Development District

SCOEDD

Revolving Loan Fund (RLF) Basics:

- Business Loans $10,000-$250,000

- Applications are reviewed by a local advisory board

    - Interest rate cap is 3 points above prime rate at closing

    - At least 10% of new investment towards the total cost of the project
        must be contributed by the borrower (riskier start-ups may be
        required to contribute additional equity)

    - Sufficient collateral to cover loan amount is required

    - SCOEDD can fund up to 75% of the project

 

Rural Microenterprise Assistance

The loan program is meant to provide capital for start-up and expansion for small business activity not served by traditional lenders.  Loans cannot exceed $50,000 or be more than 75% of the eligible project cost. 

The Micro Loan program focuses not only on credit but includes one-on-one counsel and guidance.  This technical assistance combination is necessary to provide the highest opportunity for success. 

Rural Microloan Application Kit

Intermediary Re-lending loan Program (IRP):

     - Fixed assets (land/building acquisitions, equipment, fixtures, and/or machinery purchase)

     - Inventories and supplies

     - No agriculture

     - Up to 25% of loan used for working capital

Regional Investment Board (RIB) loan program:

      - Fixed assets (land/building acquisitions, equipment, fixtures, and/or machinery purchase)

      - Inventories and supplies