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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-l 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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Based on current listing details, eligibility includes: See the Oregon grants portal for complete eligibility requirements. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Not specified Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
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Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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