| PROGRAMS |
SBA
504 |
Rural
Community Loan Program |
Regional
Revolving Loan Fund |
Community
Reinvestment Fund |
Newberg
Revolving Loan Fund |
OBDF
Oregon
Business Development Fund |
Independence
Revolving Loan Fund |
Yamhill
County Revolving Loan Fund |
| USES |
Land,
building acquisition, new construction,
equipment. |
Land,
building acqusition or construction,
working capital. |
Land,
building acquisition, new construction,
equipment, working capital. |
Land,
building acquisition, new remodeling,
fixtures. |
Land,
building acquisition, new construction,
equipment, working capital. |
Land,
building acquisition, new construction,
equipment, working capital. |
Land,
building acquisition, new construction,
equipment, working capital. |
Land,
equipment, construction, working capital. |
| ELIGIBILITY |
For-profit
small businesses. |
Business
in communities less than 25,000 population
in Marion, Polk, Yamhill and Clackamas
counties. |
Agriculture
and manufacturing related businesses
in Marion, Polk and Yamhill counties. |
Businesses
not eligible for SBA 504 loan funds. |
Business
in the City of Newberg. |
Manufacturing,
processing and tourism related businesses. |
Agriculture,
manufacturing, retail and commercial
businesses in the city of Independence. |
Business
in Yamhill County. |
| AMOUNTS |
SBA
will fund up to 40% of the total proiject
with maximum funding of: Up to $1,500,000
for regular projects.* Up to $2,000,000
for public policy projects.* Up to $4,000,000
for manufacturing project.* |
$150,000
maximum; up to 50% of project cost.* |
$5,000-$300,000;
maximum of 33% of project cost. * |
$100,000
-$1,500,000 maximum of 35% of project
cost. * |
$10,000-$200,000
maximum of 50% of project cost. * |
Up
to $500,000 or 40% of project* |
$2,500-
$100,000; maxim of 30% of project
cost. * |
33%
of project cost.* |
| JOB
CREATION |
1
for each $35,000 |
1
for each $25,000 |
1
for each $15,000 |
No
specified number. |
No
specified number. |
1
for each $30,000 |
None
required. |
1
for each $15,000 |
| RATES |
Approximately
the US Treasury Note rate +1.7%. |
Minimum
5%. (Rate determined by Loan Committee). |
Minimum
6%. (Rate determined by Loan Committee). |
Approximately
the 7-yr US Treasury Note rate + 3.9% |
70%
of prime rate, but not less than 6%. |
1%
above US Treasury securities (fixed
rate). |
Minimum
of 2% below US Treasury bonds. |
50%
of prime rate but not less than 6%. |
| TERMS |
Real
Estate - 20 yrs.
Equipment - 10 yrs. |
Up
to 20 years. |
Up
to 15 years, usually shorter. |
10
years; 15 years; and 20 years. |
Equipment
- 5 yrs.
Land/buildings - 10 yrs. |
Useful
life of the collateral, up to 25 years. |
To
be determined on a case-by-case basis. |
Negotiable,
but not greater than 120 months. |
| FEES |
2.875% |
1.5% |
1.5% |
2.5% |
1.5% |
1.5% |
0 |
1.5% |
| PREPAYMENT
PENALTY |
Yes |
No |
No |
Yes |
No |
No |
No |
No |
