Areas Served: Statewide Oregon
The Oregon Capital Access (CAP) Program helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion.
The program is designed for non-profit and for-profit businesses seeking funds for most business purposes.
All types of loans and lines of credit are eligible.
Lenders build a loan-loss reserve each time they enroll a loan.
Contributions to the loan-loss reserve account are matched by Oregon Capital Access Program.
CAP loans: – Have enrollment fees between 3% and 7% as determined by the financial institution, – Will receive a match on the enrollment fee of up to $35,000 per borrower and – Have rates and terms for repayment determined by the lender.
CAP loans may not be used to: – Purchase or improve residential housing, – Purchase or improve real property not used for business operations or – Refinance an existing balance of a non-enrolled loan.
Contact Information
Business Oregon
Address: 775 Summer St. NE, Suite 200
City: Salem
State: Oregon
Website:
https://www.oregon4biz.com/
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