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What is the Enterprise
Development Program?
The Enterprise Development Program is our
Microloan program. Its purpose is to assist women, low
income, minority, rural, veteran, entrepreneurs and other business
owners obtain loans due to inadequate credit availability or areas
suffering from economic downturns. The objective of this program is
to support and develop micro-enterprises by providing capital and
technical assistance.
Who is Eligible?
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Location: Only businesses located in
Benton, Lane, Linn, Lincoln, Marion, Polk, Yamhill Counties
and the Metropolitan Portland area. |
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Business Types: Private, For-Profit
start-ups, newly established or growing micro businesses
unable to obtain conventional commercial loans. |
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Request Types: Acquisition of
real estate, machinery & equipment, inventory, furniture
& fixtures and funding working capital
requirements.
Refinance of debt is normally
ineligible but may be considered on a case by case
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Credit Requirements: Credit
requirements must be met. Cash flow, management expertise, credit
history and collateral will be factors determining loan
approval. |
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