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Business Capital & Financing Resources
CENTRAL OREGON BUSINESS CAPITAL RESOURCES
DEBT CAPITAL
STATE LOAN & GUARANTEE PROGRAMS
Source
Interest Rate Range,
Terms
Qualifying Criteria
Approval Process
Contact
Small and new businesses with less than
Loans are reviewed by
Entrepreneurial Fixed, prime plus 2%,
$500,000 in revenues the preceding 12
direct loan from
Business Oregon staff.
Development
months. Certified small business counselor
Business Oregon, 5-yr
Average time for complete
(i.e. COCC’s SBDC) must review business plan
Loan Fund
max term, max initial
applications (with proof of
and provide counseling. Must have private
(EDLF)
loan: $75,000
bus. Plan review) is 45 days
equity of at least 20% amount
Fixed, rates typically
Loans are reviewed by
75-80%
of
market
Business
Oregon staff as well
Oregon
(prime minus 4%, or 4%
as an independent loan
Business
Must be a traded-sector employer
min.). $1,000,000 limit,
committee comprised of
(manufacturing, high technology, processing
Development
funding not to exceed
financial experts. Average
and distribution) with operations in Oregon.
Loan Fund
40% of project. Short
time from complete
(OBDF)
and long-term
application to approval: 45
financing
days.
Generally, eligible activities include
manufacturing, processing, warehousing,
research and development, natural
Business Oregon
Oregon
Tax exempt bonds
resource
utilization
and
certain
tourismSix
months
should
be
Jerry Barnick,
Industrial
typically offer rates 75related facilities. Financing is limited to $10 budgeted for preparation of
503-986-0176,
Development 80% of market. Short
million and there is both a three year look- standard IDB issue. Express
gerald.barnick@state.or.us
Bonds (IDB) and and long term financing back and look- forward on expenditures
bonds can be completed in
Oregon Express for land, buildings and under this federal cap. Program has both a
roughly half that time.
equipment.
Bond Program
standard IDB process as well as a streamlined
Express Bond process for smaller issues ($3-5
million range)
Provides access to
bank, credit union
Can be any Oregon small business (not
Capital Access
capital via loan
Lender approval process (no
limited to traded-sector). Rates are set by
state underwriting)
Program (CAP) portfolio insurance.
the lender.
Rates typically 3-5%
above market.
Most types of businesses eligible through
Provides access to
Credit
June 30, 2015 (not limited to traded-sector).
bank, credit union
Lender approval process (no
Maximum guarantee amount: up to $1.5
Enhancement
capital via loan
state underwriting)
million line of credit, up to $2 million term
Fund (CEF)
guarantees
loan. Rates are set by the lender.
Program offers 39% tax credit to investors
John Saris
CDE approval process and
Provides low cost debt that work through an approved Community
Business Services Manager
New Market
Business Oregon are on a
capital for new and
Development Entity (CDE) to provide loans
Business Oregon
similar timeline as standard
Tax Credits
existing companies
for businesses establishing operations in
503-986-0163
bank financing
economically distressed areas of the state.
john.saris@biz.state.or.us
All types of businesses eligible. Owner
Relatively low-cost
Lender approval processes
equity and security required (including
Many banks and credit unions
SBA 504
capital for purchase of
vary, most are coordinated
possible personal guarantee). Available to
have SBA loan specialists. Call
land, buildings and
with standard bank financing
Program
both established businesses as well as startEDCO for a list (541-388-3236)
certain equipment.
processes
ups.
Economic Development for Central Oregon · 705 SW Bonnet Way, Ste. #1000. Bend OR. 97702
541.388.3236 · www.edcoinfo.com
jjj
Business Capital & Financing Resources
FEDERAL LOAN & GUARANTEE PROGRAMS
All types of businesses are eligible. Owner
Relatively low-cost loan
Lender approval processes
equity and security required (including
Many banks and credit unions
funding for working
vary, most are coordinated
possible personal guarantee), available to
have SBA loan specialists. Call
SBA 7a Program
capital and asset
with standard bank financing
both established businesses as well as
EDCO for a list (541-388-3236)
purchases.
processes
startups.
SBA Export Up to $5 million to fund Can be used for suppliers, WIP, inventory, Contingent on your lender’s
export transactions
financing for stand-by letters of credit, and
approval process plus review
Working Capital
from purchase order to
other activities to support foreign A/R
of SBA export experts
Loan
collections
collections
Lender approval process
Up to $500,000 to fund
SBA Export
Businesses that have been in operation at
only, SBA reviews and
Sandra Edwards
export development or
least 12 months.
approves complete loans in
Export Solutions Group
Express Loan
transactions
36 hours or less
206-553-0051 x 228
sandra.edwards@sba.gov
Up to $5 million for
fixed assets and
Contingent on your lender’s
International
working capital for
Most businesses eligible that have export
approval process plus review
potential or history.
Trade Loans businesses that plan to
of SBA export experts
start or continue
exporting
Available to most companies in communities Approval process of 90 days
Curt Dixon,
Short and long-term
USDA Rural
less than 50,000 residents (all areas except
from USDA in addition to
BCP Area Specialist, USDA
financing guarantee
Bend). No minimum, $10 million max.
commercial lender (financial
541-923-4358
Development
program (B&I)
Average loans range from $200,000 to $5 m
institution) process
curt.dixon@or.usda.gov
LOCAL, REGIONAL & SPECIAL PRIVATE PROGRAMS
Loans are prepared by the
COIC
COIC lending team and
Available to all types of businesses. Loans
Lisa Kyle, 541-548-9541 or
approved by COIC board of
must lead to demonstrated job creation.
Jim MacKinnon, 541-548-9538
directors. Approval 3-4
Typical loan range: $35,000 - $250,000.
lkyle@coic.org,
weeks with complete
jmackinnon@coic.org
application.
Approval within 30 days of a
Direct term loans for
Turner Waskom,
Available to all types of businesses, but
complete application. Direct
early stage companies
VP & Sr. Business Lender
Craft3
companies should have a job creation
loans, but Craft3 may
and non-standard
Craft 3
component. Loans have a maximum term of partner with other lenders,
(CDFI Lender)
financing. Interest
541-385-6034 x 116
five (5) years and
which could extend approval
ranges from 8-12%
twaskom@craft3.org
timelines.
Short-term loans
secured by purchase Available to all types of businesses. Lenders
A number of financial
orders or A/R. Interest
purchase A/R at a discount, typically to
institutions/organizations have
Factoring
rates range from the
provide working capital or financing of
factoring programs, call EDCO
upper teens to lower
inventory
for a list (541-388-3236)
twenties.
COIC
Local &
Regional Loan
Funds
Direct loans (with or
without a bank or
credit union) for job
creation. Rates range
from 6%-8%.
Financing based
Available to all types and sizes of businesses,
Revenue Capital primarily on the sale of however most have high growth (actual or
revenue streams
Approval varies
potential) in common.
Pre-sales mechanism
when funds are
committed by parties Available to all types of businesses. Typically
Crowdfunding interested supporting works best with innovative, smaller value
or buying a product to
items or socially minded causes.
be delivered in the
future.
www.kickstarter.com
Economic Development for Central Oregon · 705 SW Bonnet Way, Ste. #1000. Bend OR. 97702
541.388.3236 · www.edcoinfo.com
jjj
Business Capital & Financing Resources
EQUITY CAPITAL
Source
Range Terms
CONCEPT/SEED STAGE
Qualifying Criteria
Each company typically Available to all types of businesses, however
receives $25,000 must be scalable companies that can grow
Portland Seed
$50,000 initially, with
revenue without increasing headcount.
Fund
additional funding
(most commonly invest in technology
available
companies)
Bend Venture
Conference
Concept stage-$10,000
(Concept
Award)
Companies must be based in Bend.
Innovative, highly scalable, tech-focused
Tech accelerator for
companies. Launch Track candidates
concept to launch stage
typically
have built out prototype with beta
companies. Growth
customers; Growth Track candidates
Track companies
FoundersPad
receive $25,000
typically have a core team in place, initial
investment upon
customer validation, and are seeking seed
graduation from
investment to scale rapidly.
accelerator program.
Approval Process
Contact
Each class will have 6-10
Jim Houston
companies, All companies
Angela Jackson
need to apply via their online
503-419-3007
application to be considered
info@portlandseedfund.com
for funding. Classes are every
90 days.
The strongest Concept
Companies will become
eligible to present at the
PubTalk, up to a dozen
EDCO
companies compete, five
541-388-3236
Concept Stage companies
info@bendvc.com
are chosen to go on to BVC,
then an audience vote
determines the winner.
FoundersPad runs Growth
Track Sessions, Launch Track
Boot Camps, and workshops
throughout the year. The
Nate LiaBraaten
accelerator programs are
Managing Partner
competitive and accept small
541-514-2131
cohorts of high quality
nate@founderspad.com
candidates per session and
applications can be
submitted via
www.founderspad.com.
LAUNCH STAGE
Cascade Angels
Oregon Angel
Fund (OAF)
Bend Venture
Conference
(Launch Award)
Southern
Oregon Angel
Conference
Presence in Oregon, be at launch stage, have
a product and revenue, Operate in any
Online application process,
Julie Harrelson
industry, be seeking $75K to $1M in
attach a business plan. If
Fund Manager
$75,000 to $200,000.
investment, and offer potential for healthy
approved applicants will
541-588-2868
return rate i.e. 7-10x
present to Cascade Angels
Julie@cascadeangels.com
(Seed or concept companies may apply)
Online application process,
investors will review & rate
new submissions based on
Based in Oregon or SW Washington,
Lynn Fletcher
their views on the
$100,000 to $3,000,000 Operate in any industry, Have the potential
503-727-2197
opportunity. The fund
for venture-scale ROI (10X within 5 years.)
lynn@OAFund.com
managers will then provide
feedback and next steps
based on those reviews.
Once all applications are
Multiple funding
received, investors select
channels. Varies, with
Companies must be based in the Pacific
five Launch Companies
EDCO
2014 winner receiving
Northwest. Either in the launch stage, or
deemed to have the most
541-388-3236
$400,000 in funding.
concept stage.
feasible and compelling
info@bendvc.com
business plans. Then voted
on for one winner.
Either a convertible The company must be a “C” corporation or is Investors review all applicant
Steve Vincent
note or an equity
ready to become a “C” corporation prior to
companies. Ten semi541-858-4773
position depending on the closing of the financing, and does not finalists are chosen from the steve.vincent@avistacorp.com
the stage of company
have an existing financing in progress.
pool of applicants. Two
Economic Development for Central Oregon · 705 SW Bonnet Way, Ste. #1000. Bend OR. 97702
541.388.3236 · www.edcoinfo.com
jjj
Business Capital & Financing Resources
selected for the
estimated $200,000
investment.
Willamette
Angel
Conference
$250,000 and up.
Open to early-stage companies across all
industries and counties in Oregon.
Angel Oregon
Varies, Last year’s
winner: $265,000
Open to early-stage companies across all
industries and counties in Oregon.
weeks later five to six
finalists are selected from
the. These finalist companies
will present at the
Conference where the
winner is voted on.
Investors review all applicant
companies. Ten semifinalists are chosen from the
pool of applicants. Two
weeks later five to six
Willamette Angel Conference
finalists are selected from
541-242-2366
the. These finalist companies
will present at the
Conference where the
winner is voted on.
OEN
503-222-2270
info@oen.org
GROWTH STAGE
Growth Track: Early stage or growth startup,
have a founding core team in place & a MVP
$25,000 minimum
Funding opportunities are
Dino Vendetti
Seven Peaks
that has been validated with customers,
capital investment
reviewed periodically based
650-465-8005
have one or more paying customers and
Ventures
(FoundersPad)
on opportunity.
dino@sevenpeaksventures.com
growing revenue
(Software Programs)
Up to $500,000,
Seed funding is provided by NTV for the
Extensive Due Diligence
William Newman,
NW Technology
opportunity for
promotion of technology and business ideas
process to evaluate and
503-352-0673 or
$1,000,000 through
that emerge from the universities and
validate investment
Gordon Hoffman,
Ventures
third party investment
research institutions.
proposals.
503-352-0674
Investments built around capital efficient
early stage companies and first round growth
investments in digital media, software and
Varies depending on services, wireless and Smart Grid companies, Varies depending on the
Diane Fraiman
Voyager Capital
the situation
as well as broad West Coast coverage
situation
503-621-6668
through local offices in the three key West
Coast technology markets: Seattle-WA,
Portland-OR, and Menlo Park-CA.
Allegory
Venture
Partners
Looks to invest larger
amounts in the Life
Sciences and Bio Tech
sector.
www.allegoryventures.com
Economic Development for Central Oregon · 705 SW Bonnet Way, Ste. #1000. Bend OR. 97702
541.388.3236 · www.edcoinfo.com