Lending Programs
Looking for money to start or expand a business or project?
CCD Business Development Corporation is a private, nonprofit SBA Certified Development Company providing financing assistance to ALL Counties in the State of Oregon. As part of its overall economic development activity, CCD offers a wide variety of business loan programs.
These programs are designed to help companies start new ventures or expand existing ones via low interest loans and loan guarantees.
As part of its overall economic development activity, CCD offers a wide variety of business loan programs in Coos, Curry, Douglas, Jackson and Josephine Counties.
Our typical borrower has one or more weakness (e.g. insufficient operating history, imperfect credit history, or inadequate collateral) which disqualifies them from accessing traditional bank financing. Tips and Information:
- Plan ahead and apply early to allow enough time for loan processing
- All loan programs require loan collateral and demonstrated repayment ability
- Our loan programs often take a subordinated lien on the loan collateral and offer a lower-than-market rate of interest as an incentive for other lender participation in your project’s financing
CCD works closely with the U.S. Small Business Administration, the USDA Rural Business Cooperative Service, Business Oregon and local governments. Financing vehicles include SBA 504 programs, USDA Intermediary Relending programs and various revolving loan funds. The following chart describes some of our most common lending programs – more are available:
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PROGRAMS |
SBA |
CCD |
CCD |
OBDF |
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USES |
Land, building acquisition, new construction, equipment |
Land, building acquisition, new construction, equipment, working capital |
Land, building acquisition, new construction, equipment, working capital |
Land, building acquisition, new construction, equipment, working capital |
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ELIGIBILITY |
For-profit small business |
Businesses in Coos, Curry & Douglas Counties |
Businesses in Coos, Curry, Douglas, Jackson & Josephine Counties. |
Manufacturing, processing & tourism related businesses |
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AMOUNTS |
$5 million for loans or 40% of project, $5.5 million for loans to “small manufacturers” & “renewable energy” |
$25,000-$250,000, max. of 75% of project cost* |
$25,000-$250,000, max. of 75% of project cost* |
Up to $700,000 or 40% of project* |
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JOB CREATION |
1 for each $65,000 of SBA portion of loan |
1 for each $50,000 of CCD portion of loan |
1 for each $50,000 of CCD portion of loan |
1 for each $30,000 of OBDF portion of loan |
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INTEREST RATE |
Approx the US Treasury Note Rate + 1.7% (fixed rate) |
Rate determined by CCD loan committee |
Rate determined by CCD loan committee |
1% above US Treasury securities (fixed rate) of a similar maturity |
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TERMS |
10 to 20 years |
Up to 25 years, usually shorter |
Up to 20 years |
Useful life of collateral, up to 20 years |
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FEES- varies with project size |
Approximately 3.0% |
Approximately 1.5% + closing costs |
Approximately 1.5% + closing costs |
Approximately 1.5% + closing costs |
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*Remainder must come from private sources. |
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