Serving the Mid-Columbia region of Oregon and Washington, providing regional economic development and business assistance.Mid–Columbia Economic Development District

Mid Columbia Economic Development District strives to promote the creation of family-wage jobs, the diversification of the economic base, and the growth, development and retention of business and industry in Hood River, Wasco, Sherman, Klickitat and Skamania Counties

MCEDD is organized as a government non-profit in Oregon as an ORS-190 and in Washington through RCW 39.34.010.

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      MCEDD provides loans to businesses and individuals. Our financing can help you start, grow and expand your business.
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      MCEDD offers a fund specifically to encourage the development of attainable housing in our three Oregon counties.
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      The Investment Board provides financing in the National Scenic Area for small and growing businesses, nonprofits and economic development activities.
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      A source of gap financing loans for businesses in Clackamas, Hood River and Wasco Counties.
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    Home   ::   Financing

    Financing

     

    Financing To Grow Your Business
    As a service to the regional business community and as a strong part of our economic development strategy for the region, MCEDD staff manages several business loan programs that provide an accessible, affordable source of capital for projects that create or retain jobs. Business loan funds through MCEDD, Mt. Hood Economic Alliance and the Oregon Investment Board can be used to contribute to the financing needed by a business to purchase or build new facilities, purchase equipment, or provide working capital. These funds can support businesses in Klickitat and Skamania Counties in Washington, and Clackamas, Hood River, Sherman and Wasco Counties in Oregon. You can start the process to access any of these funds, through the Application Process section below.

     

    Basic Terms

      • Interest Rate and Fees: Interest rates range from 7.5% – 11%.  1.5% loan fee. Competitive loan costs. Currently no application fee!
      • Loan Amount: Loans generally range from $1,000 to $250,000. Larger loans are possible by accessing more than one of our lending sources. See our Microlending information for loans of $40,000 or less.
      • Eligible Businesses: Almost any legal business including sole proprietorships, LLCs, Corporations, and partnerships can apply. We support start-ups, established businesses, and businesses from most sectors. Women- and minority-owned businesses are encouraged to apply.
      • Other: Job creation/retention requirements apply. We can accept a wide variety of collateral and can be in a secondary position as a lien holder.

    Application Process
    Complete the business loan pre-application linked below and send it to ami@mcedd.org. Our loan program staff will review your pre-application to see if it is a good match for one of our managed loan funds and follow up with you for the required supporting documentation.  We’ve provided a list of what may be required below for your reference in preparing for the next step in the application process. Your application will generally be reviewed within 2-6 weeks and a decision made by one of our loan boards.

      • Business Loan Pre-Application
      • Supporting Documents Reference List

    Talk to Us About All Your Financing Needs!
    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.

    Mid-Columbia Economic Development District is an Equal Opportunity Lender. MCEDD does not unlawfully discriminate on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, marital or family status in employment or the provision of services, and provides, upon request, reasonable accommodation including auxiliary aids and services necessary to afford individuals with disabilities an equal opportunity to participate in all programs and activities.

    MCEDD

    802 Chenowith Loop Rd,
    The Dalles, OR 97058
    Phone: (541) 296-2266

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