Business Assistance
            
            MCEDD Loan Application Forms
            Links to Other Business Resources

About our Loan Programs
As a service to the regional business community and as a strong part of our economic development strategy for the region, MCEDD manages several business loan programs that provide an accessible, affordable source of capital for projects that create or retain jobs. These loan funds can be used to contribute to the financing needed by a business to purchase or build new facilities, purchase equipment, or provide working capital.

Public loan programs were created to help small businesses obtain a complete financing package by working with traditional sources of financing, such as commercial banks, and other state and federal programs. By providing a part of the financing, lower down payments can enable the borrower to keep working capital invested in receivables and inventory so that it may earn a profit, while improved facilities and equipment financed through a locally managed loan fund can provide the advantage of increased capacity and competitiveness. This has the added benefit to the local communities of the creation of new jobs, expanded tax base and stimulated business activity.

In addition to the funds directly managed by MCEDD, our staff is knowledgeable about most state and federal loan and assistance programs and have developed close relationships with those organizations. We can help a business to access and can help package applications to a range of loan programs such as the SBA or Oregon or Washington business development loan funds.

Although eligibility varies slightly for each type of program managed by MCEDD, all are designed to leverage other sources of public and private capital. Long term financing matches the maturity of the loan to the useful life of the assets, while debt service is matched to cash flow. Some features of available loan programs are listed in the Overview of Loan Programs link. We would invite businesses to talk with our loan program manager to discuss their project and financing needs.

     For any questions & to make an appointment regarding our Loan Programs, please contact:

        Eric Nerdin, Loan Program Manager
          Phone: 541-296-2266
          

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