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. 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:   PROGRAMS SBA CCD CCD OBDF   504 Revolving Loan Fund Intermediary Relending Program Oregon Business Development Fund 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   ELIGIBILITY For-profit small business Businesses in Coos, Curry & Douglas Counties Businesses in Coos, Curry & Douglas Counties Manufacturing, processing & tourism related businesses AMOUNTS Up to $1,500,000 or 40% of  project*   $5.0 million for loans that meet a public policy goal $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* 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 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 TERMS 10 to 20 years Up to 25 years, usually shorter Up to 20 years Useful life of collateral, up to 20 years   FEES- varies with project size Approximately 3.0% Approximately 1.5% + closing costs Approximately 1.5% + closing costs   Approximately 1.5% + closing costs *Remainder must come from private sources. WE ARE AN EQUAL CREDIT OPPORTUNITY LENDER