Business Loans

Basic Requirements and Guidelines:                          Basic Terms:

Examples of MCEDD Loan Clients:

Laboratories, medical clinics, restaurants, janitorial, coffee shops, construction companies, sporting goods manufacturers, hotels, equipment manufacturers, fruit stand operations, veterinarians, wineries and vineyards, electrical contractors, food processors, retail stores for a wide variety of products, recreational product manufacturers and many more.

Examples of Projects Using MCEDD Loans:

Purchasing new and/or used equipment, purchasing vehicles, remodeling facilities, purchasing inventory, consolidating debt, building construction, purchasing an existing business, starting a new business, providing gap financing when a bank will not finance all of a small business project.

Partners:

MCEDD staff can help access additional financing through our partner entities including Oregon and Washington Investment Boards, Mount Hood Economic Alliance, Oregon Business Development Department, and the State of Washington Department of Commerce. MCEDD’s applicants come from a diverse source of referrals including financial institutes, attorneys, accountants, chambers of commerce and county economic development departments. In addition, the Small Business Development Center at Columbia Gorge Community College assists small businesses in preparing to apply for obtaining financing and refers many small businesses to MCEDD.

MCEDD is an Equal Credit Opportunity Lender. The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program or because the applicant has in good faith exercised any right under the Consumer Protection Act.