Areas Served: Statewide Oregon
The BOOST loan program is a revolving loan fund that provides term fixed-rate financing for businesses in need of operating capital.
Loan proceeds may be used to support daily operations (i.e., rent or mortgage payments, utilities, marketing expenses, employee expenses, accounts receivable/payable, small equipment purchases, etc).
Loans are: – Maximum amount of $150,000, – Maximum term and amortization of 4 years and – Minimum fixed interest rate of Prime plus 5% APR.
Applications must show the business: – Has the ability to create or retain jobs as a result of the loan, – Provides wages comparable to other employers, – Is a traded-sector manufacturing, production, processing or distribution company, – Has 100 or fewer employees, – Can provide good and sufficient collateral for the loan, – Possesses a reasonable capacity to repay the loan and – Meets other criteria outlined in the OBDF Application and Oregon Administrative Rule.
Contact Information
Business Oregon
Address: 775 Summer St. NE, Suite 200
City: Salem
State: Oregon
Website:
https://www.oregon4biz.com/
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