• Dec 17, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

The business loan programs available in Lincoln County, Oregon are outlined below with individual program highlights given.

Business Investment Fund

For-profit and not-for-profit businesses acquiring or improving land, buildings, machinery & equipment, furniture & fixtures or in need of working capital. No refinance – Economic Impact: 1 job/$15,000 borrowed.

Loan Amount

• $25,000-100,000 or maximum of 75% of project.
• Private Contribution: Minimum of 25% of project.

Loan Costs

• CWCOG loan fee of 1.5% of the loan amount.
• Application deposit of $300, non-refundable if the application is withdrawn after approval.
• Borrower pays closing costs, which may be included in the loan request.

Rural Development Fund

For-profit or not-for-profit businesses acquiring, remodeling or refurbishing land, building, machinery & equipment, furniture & fixtures or in need of working capital. Refinance under limited conditions. Economic Impact: 1 job / $50,000 borrowed. Loan Amount: $25,000-250,000 or maximum of 50-75% of project. Private Contribution: 25-50% of project, minimum.

Loan Costs

• CWCOG loan fee of 1.5% of the loan amount.
• Application deposit of $500, non-refundable if application withdrawn after approval.
• Borrower pays all closing and processing costs, which may be inluced in loan request.

Revolving Loan Fund

For-profit and not-for-profit businesses acquiring or improving land, buildings, machinery & equipment, furniture & fixtures or in need of working capital. No refinance. Economic Impact: 1 job/$50,000 borrowed.

Loan Amount

• $25,000-242,000 or maximum of 50% of project.
• Private Contribution: Minimum of 50% of project.

Loan Costs

• CWCOG loan fee of 1.5% of the loan amount.
• Application deposit of $500, credited to borrower at closing.
• Borrower pays all third party closing and processing costs.

Lincoln County Revolving Loan Fund

For-profit or not-for-profit businesses ineligible for other public or private financng in need of short term operating capital.

Loan Amount

• $500 – 50,000 dependent on tier.
• Private Contribution: 0-20% depending upon tier.
• Rates: Fixed – Costs: Loan fee of $100-1.5% of the loan amount dependent on tier.
• Deposit: $100 -500 dependent on tier.
• Borrower pays all third party closing and processing costs.

Contact Information Oregon Cascades West Council of Governments Address: 1400 Queens Ave City: Albany State: Oregon Website: https://www.ocwcog.org