WHERE ARE YOU?
Have an idea, not sure what to do with it
In operation less than one year, or ready to start
Generating revenue for at least 12 months

Start Smart:
Foundations I
6 weeks
Meet once per week, 3 hrs
$175, scholarship available
• Curriculum: “How to start a business”
•
Portland or Hillsboro location
• East Portland - Fall 2014
Plan to Paper:
4 weeks
Meet once per week, 3 hrs
$100
• Complete your business plan with guidance from an instructor and your peers
• Must be a loan client , or completed Foundations I
• Must enter class with a draft of your business plan
Next Level:
Foundations II
4 weeks
Meet once per week, 3 hrs
$200
• Foundations I not required
• Curriculum: Data-driven goal setting and time management techniques to grow your business into its next phase
I IDEA:
Have an idea, not sure what to do with it
S START UP:
Beginning or In operation less than one year
E EXISTING:
Generating revenue for at least 12 months

One-time, in-depth
Workshops
6 pm, Wednesdays
Monthly schedule available online
$25 per workshop
Subscriptions :
• $75 for a 4-pack (save 25%)
•
$125, Annual Unlimited
Expert presenters, past topics include :
Marketing, social media, SEO, taxes, legal structures, and more
One-on-One Consultation
50 minute sessions
$25 per session
By appointment only
Open to Loan, IDA clients , and those who complete week 4 of Foundations I
•
LEGAL provided by small business attorney
• RECORD KEEPING provided by CPAs
• GENERAL Small Business advising and business plan review from experienced business mentors
•
CREDIT Counseling is open to public
I IDEA:
Have an idea, not sure what to do with it
S START UP:
Beginning or In operation less than one year
E EXISTING:
Generating revenue for at least 12 months

FINANCING
OVERVIEW
I ndividual D evelopment A ccount (Grant)
Tier 1: Save $1,000, grant match of $3,000
Tier 2: Save $2,000, grant match of $6,000
Used for: fixed business assets only
Savings Period:
(in joint custodial account)
• Tier 1: 6 month minimum
• Tier 2: 13 month minimum
• Can extend up to 2 years
REQUIREMENTS
RESIDENT: Oregon
BUSINESS: Oregon based
NET WORTH: see chart
( requirements exclude your primary home / vehicle)
MEDIAN INCOME: see chart
SOURCE OF EARNED INCOME
EDUCATION: must complete education requirements
(Found I or II, 2 seminars, 2 consultation, business plan)
S
START UP:
Beginning or In operation less than one year
E EXISTING:
Generating revenue for at least 12 months

APPLICATION: complete and submit with
Required documentation:
• Last year’s tax returns
• Last 2 months official bank statements
• Last 2 months of income verification
• Copy of Oregon ID
MEET : with IDA specialist
START SAVING
COMPLETE: (while saving)
•
Foundations I or II course
•
2 consultation sessions
•
2 seminars (one financial)
•
Business plan

FINANCING
OVERVIEW
START UP: $500 - $20,000
EXISTING: $500 - $50,000
(Average $10,500)
• REPAYMENT: 36 month average
• INTEREST: 8 - 12%, 2% closing fee
•
DISBURSEMENT: sent directly to vendors
REQUIREMENTS
RESIDENT: OR or WA
CREDIT SCORE: 550 or no credit history
CREDIT HISTORY: good for past 12 months
( No active bankruptcy, no open or unpaid collections, tax liens, judgments, or past due child support)
NO ACCESS: to traditional credit
S
START UP:
Beginning or In operation less than one year
E
EXISTING:
Generating revenue for at least 12 months

LOAN INQUIRY: complete online
3 Business days to hear back
If inquiry is approved:
FILL OUT APPLICATION
$30 fee, credit check
Underwriting, Review, Loan Committee
APPROVAL PROCESS:
60 Business days
Can take up to 60 days to receive final approval

FINANCING
S
START UP:
Beginning or In operation less than one year
E EXISTING:
Generating revenue for at least 12 months
One Business
IDA + LOAN

(SBDC.ORG)
Assistance with business planning, accessing capital, booking and taxes, hiring and training, marketing, technology, and more.
.ORG
Free, online matching service to help you find a business mentor
ORG
Free business counseling

PROGRAM OVERVIEW
Loans
IDA:
Matched Savings
S E
S E
Start Smart:
Foundations I
I S
S
Next Level:
Foundations II
E
Seminars
I S E
Qualify
(Income Qualification)
Tier 1: $3,000 match
Tier 2: $6,000 match
Qualify
Up to $20,000 , operating <1yr
Up to $50,000 , operating >1yr
IDEA: I
Have an idea, not sure what to do with it
START UP:
S
Beginning or in operation less than one year
EXISTING:
Generating revenue for at least 12 months
E