NEOEDD Loan Products

NEOEDD/NOBD has helped dozens of businesses in Baker, Union, and Wallowa counties launch or expand their businesses with its loan programs. The loans are “gap” loans, meant to fill gaps left by traditional lenders.

Anyone looking for loan funds should consider the 5 “Cs” of Lending, which are the factors that lenders consider when making loan decisions:

  • Character: Your reputation in the community; your treatment of customers, suppliers and employees; your integrity; your financial history, which could be reflected in your credit score.
  • Capacity: Your ability to repay the debt with regular (usually monthly) payments. This is often demonstrated by historic cash flow and profitability.
  • Capital: The amount of investment the owners of the business are making. The amount of capital invested by owners reduces the risk of the lender and demonstrates the commitment of the owners–the owners are exposing themselves to risk.
  • Collateral: Collateral is used to reduce the risk of lending. Collateral consists of assets (real estate, equipment, inventory, etc.) that are legally assigned to the lender. They can be used as a secondary source of repayment if the borrower fails to pay back a loan.
  • Conditions: The operating environment (competition, market opportunities) and economic environment are important to lenders as they assess the potential of a business to be successful. The actual loan amount, interest rate and repayment terms are the second type of conditions that affect lending decisions.

Mike Ogan

Loan Officer

Northeast Oregon Economic Development District

101 NE 1st St
Enterprise, OR 97828

Phone: 541-519-7699

mikeogan@neoedd.org https://neoedd.org/regional-planning/small-business-support/

Category: OR State Incentives

Oregon's enterprise zones offer a unique resource to Oregon communities, and an excellent opportunity for businesses growing or locating in Oregon. Primarily, enterprise zones exempt businesses from local property taxes on new investments for a specified amount of time, which varies among the different zone...
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Opportunity Zones In 2018, the U.S. Treasury made opportunity zone designations across the country to encourage long-term investments through a federal tax incentive. Governor Brown's nomination resulted in 86 qualified opportunity zones in Oregon. What Are Opportunity Zones? Opportunity Zones can deliver...
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Congress provides this incentive to private-sector companies for hiring individuals from target groups, for which the state of Oregon has instituted systems to expedite and facilitate documentation.
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Our media incentive programs can rebate 20% of your Oregon-based goods and services, and an additional cash payment of up to 16.2% of payroll wages paid to production personnel working in the state. More often than not, the turnaround of cash rebate payments is quick...
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Food processors exemption The Oregon Legislature reinstated the property tax exemption in 2013 for certain types of property acquired and installed by Oregon food processors (ORS 307.453) by the passage of House Bill 2735. The program allows food processors to request a property tax exemption for qualified...
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If you file a consolidated Oregon return and have more than one affiliate doing business in Oregon or with Oregon-source income, you must complete Schedule OR-AF and submit it with your return.
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This incentive program is available to existing companies expanding operations in Oregon or new companies coming into the state. The Oregon Business Expansion Program (BEP) is a cash-based incentive (forgivable loan) equivalent to the estimated increase in income tax revenue from the new hiring. Eligibility...
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With an up-to-10-year income tax holiday, this program helps businesses start or locate new operations in many Oregon counties. Companies setting up operations in an eligible county can be certified as many as 10 consecutive times to annually deduct or subtract taxable income related to those...
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The Oregon Low Income Community Jobs Initiative (Oregon New Markets Tax Credit, or NMTC) program: Helps finance investments and create jobs in low-income communities Delivers below-market-rate investment options to Oregon businesses Attracts additional Federal New Markets Tax Credit investments in Oregon Sparks revitalization...
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As part of the state of Oregon's effort to support the growth of existing Oregon businesses, this program provides funding assistance, in the form of forgivable loans, for small manufacturing businesses' expansion projects. This program is no longer accepting applications, as all funding has...
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The Strategic Investment Program (SIP) offers a 15-year property tax exemption on a portion of large capital investments. The program was created in the 1990s to induce large, capital-intensive facilities to locate and grow anywhere in Oregon.What Projects QualifySIP projects must serve a "traded sector"...
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The Strategic Reserve Fund (SRF) is a discretionary tool funded by lottery dollars used for a variety of projects impacting economic development, and can be sorted into two different categories. Given the diverse projects supported, each investment will have different requirements. Projects considered for the...
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