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Find similar grantsOregon Business Development Fund (OBDF) is sponsored by Business Oregon. Oregon CHIPS Program Oregon Growth Account (OGA) & Oregon Growth Fund (OGF) <li style="margin-bottom:8px;margin-lef Category: Economic Development.
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Business Oregon : Oregon Business Development Fund (OBDF) : Oregon Business Development Fund (OBDF) : State of Oregon Translate this site into other Languages tag, as divs are not allowed in 's --> Oregon Business Development Fund (OBDF) Oregon Business Development Fund (OBDF) The Oregon Business Development Fund (OBDF) is a revolving loan fund that provides fixed-rate term gap financing for land, buildings, equipment, machinery, and permanent working capital.
The fund is designed to provide gap financing in conjunction with a traditional lender. Applicants must create or retain jobs and must typically be a "traded sector business" (as defined in ORS 284. 550 ) in manufacturing, processing or distribution.
The program gives preference to projects located in rural and distressed areas and to small businesses with fewer than 100 employees. A maximum amount of $2,000,000; A maximum term and amortization of 20 years or the useful life of the project and/or collateral; A fixed interest rate of U.S. treasury Bills plus 1% (4% minimum); and A $200 application fee and a 1. 5% loan origination fee.
What is the Application Process?
Applications must show the business: Has the ability to create or retain jobs as a result of the loan; Is a traded-sector manufacturing, production, processing or distribution company; Has a commitment to lend from a qualified private financial partner or economic development organization; 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.
Applicants should coordinate with a Business Finance Officer regarding application materials and the submission process. How to recognize an official Oregon website Only share sensitive information on official, secure websites. Your browser is out-of-date!
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According to the current listing, eligibility includes: See the Oregon grants portal for complete eligibility requirements. Confirm the full requirements in the official notice before applying.
Oregon Business Development Fund (OBDF) is funded by Business Oregon. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Oregon. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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