Sponsored by Oregon Business

Small business loan fund gets $16.5M

| Print |  Email
Must Reads
Tuesday, December 20, 2011

Business Oregon received $16.5 million in federal funds to provide loans to small businesses.

The federal funds, when combined with existing state programs, are expected to provide about $165 million in loans to small businesses in Oregon over the next four years, according to Business Oregon, the state’s business development department.
As the economy gets stronger, many lenders are looking for government assistance to help mitigate collateral, cash flow and credit weaknesses in the business applications they’re considering, Business Oregon Director Tim McCabe said. “This funding can go a long way toward meeting that demand and help create jobs here in Oregon.”

Read more at The Register-Guard.

{biztweet}small business loan{/biztweet}

 

Comments   

 
spencerg
0 #1 Oregon Small Business Loansspencerg 2011-12-23 07:28:14
While these funds are great, they are more relevant to the larger "small business" with lots of collateral and great credit and not the mom and pops who are struggling. A underutilized source of Oregon small business loan programs is through revolving or micro loan funds that are funded by SBA, USDA, EDA, etc. This money is given to local economic development agencies to help spur economic development and create jobs, unlike the banks who are looking strictly at credit scores. www.businessloanfunds.com has a directory separated by county for these local, state and federal funds.
Quote | Report to administrator
 

More Articles

Cache and Curry

March 2015
Monday, February 23, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Power Lunch at Swagat in Hillsboro.


Read more...

Thy neighbor's house

March 2015
Friday, February 20, 2015
BY LINDA BAKER | OB EDITOR

Vacasa may lack the name recognition of Airbnb. But not for long.


Read more...

Can small be large?

Linda Baker
Wednesday, April 01, 2015
040115-lindablogthumbBY LINDA BAKER

Can Oregon remain small but mighty in a global food economy? That was one of the questions raised during this morning’s panel discussion on agriculture exports.


Read more...

The Road to Reinvention

April 2015
Friday, March 27, 2015
BY AMY MILSHTEIN

Damian Smith bets on changing himself — and Portland — through consulting.


Read more...

Downtime with the executive director of Greater Portland Inc.

April 2015
Thursday, March 26, 2015

Janet LaBar, Executive director, Greater Portland Inc.


Read more...

Green Rush: Cashing in on legal marijuana

March 2015
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR

Marijuana is big business in Oregon, and it’s about to get bigger.


Read more...

Nuclear fingerprints

March 2015
Tuesday, February 24, 2015
BY LINDA BAKER | OB EDITOR

At Oregon State University, a 21st century version of the bad dream — nuclear terrorism — is alive and well. This winter, the Department of Nuclear Physics and Radiation Health Physics created a new interdisciplinary graduate emphasis in nuclear forensics, a Sherlock Holmes-sounding program that aims to identify how and where confiscated nuclear and radiological materials were created.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS