CCD Business Development Corporation’s Revolving Loan Fund (RLF) program covers Coos, Curry, Douglas, Jackson and Josephine Counties.
Purpose: Financial assistance for community development projects, the establishment of new businesses and/or the expansion of existing businesses that will provide opportunities to create and save jobs.
Who May Borrow?
Any legal entity, including individuals, public and private organizations, and federally recognized Indian tribal groups. At least fifty-one percent (51%) of the ownership must be United States citizens or admitted for permanent residence.
Is Collateral Required?
The collateral pledged, as security must adequately secure the entire loan.
What Are the Eligible Loan Amounts?
RLF Loans offered, $25,000 – $250,000, and may be used to finance up to 75% of the total project cost.
What Terms Are Available?
CCD offers fixed rate financing with a maximum term of 20 years. Interest rates are set by the Loan Committee. Terms are based on use of funds and collateral used to secure the loan.
RLF Loans Uses May Include but Are Not Limited to the Following:
- Land Costs
- Building Costs
- Construction Costs
- Equipment Costs
- Leasehold Improvement Costs
- Working Capital
Download: Guide to the RLF Loan Program