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, the Oregon Economic and Community
Development Department and local governments.Financing vehicles include SBA
504programs, USDA
Intermediary
Relending programs and various revolving
loan funds.The
following chart describes some of our most common lending programs –
more are available:
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* $2.0 million
for loans that meet a public policy goal $4.0 million for loans to
"small manufacturers"
$25,000-$250,000,
max. of 75% of project cost*
$25,000-$250,000,
max. of 75% of project cost*
Up
to $500,000 or 40% of project*
JOB
CREATION
1
for each $50,000 of SBA portion of loan
1
for each $35,000 of CCD portion of loan
1
for each $35,000 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.
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SBA LOAN PROGRAM
The SBA 504 Loan Program is earmarked for healthy, established
businesses. It provides funds for up to 40% of project costs for a term of
up to 20 years. This program allows the borrower to finance up to 90% of
the total project on a general purpose building, the bank and SBA both maintain
a very secure collateral position, and the borrower benefits with a 20 year
fixed rate.
FINANCING BREAKDOWN ON A TYPICAL $2,000,000 PROJECT:
Bank
$1,000,000
50%
SBA/CDC
$800,000
40%
Borrower
$200,000
10%
TOTAL
$2,000,000
100%
504 Loan Twenty-year Effective Rate SBA 504 Debenture rates are set once a month. This is a fixed
rate for the term of the loan, whether it is a 20 year debenture or 10 year
debenture. Funds for the program come from the sale of certificates
guaranteed by the SBA on the bond market in a once a month debenture.
The effective rate includes principal and interest, program fees, and a loan
loss subsidy.
20 Year Historical
Debenture Rates (including fees): 2009
January
6.67
July
5.24
February
5.71
August
5.39
March
5.60
September
5.14
April
5.25
October
4.86
May
5.37
November
June
5.89
December
20 Year Historical
Debenture Rates (including fees): 2008
If you have any questions, please call a CCD Loan Officer:
Theresa Haga - (541) 756-4101 or (866) 202-5903
Louie Robida - (503) 245-1175 or (503) 789-8191
Baxter Caterson - (541) 672-5665 or (541) 430-5433
TOTAL SBA
LOANS
Total Loans
Total Funded
Funds Leverage
Jobs Created
Jobs Retained
169
$93,424,699
$259,216,918
1880
1417
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2009
WINNER!Jeff
Tainer
is the Winner of the
travel voucher award for our Lender Recognition Program. Jeff receives a travel voucher from All Aboard Travel.
Jeff was very
excited! Jeff
has already booked a golfing trip to Arizona.
LENDER RECOGNITION CCD'S APPROVED AUTHORIZATIONS APRIL 2008 through MARCH 2009
The following application forms are
to be used when applying for any of CCD Business Developments' in-house
funding sources. For more information on our in-house funding
contact the Loan Department.
If you have any questions, please call a CCD Loan Officer:
Theresa Haga -
(541) 756-4101 or (866) 202-5903
Kathy Strickler - (541) 756-4101 or (866) 202-5903
TOTAL
REVOLVED LOANS
Total Loans
Total Funded
Funds Leverage
Jobs Created
Jobs Retained
195
$17,151,379
$66,230,661
1870
263
IMPORTANT INFORMATION
ABOUT IDENTIFICATION PROCEDURES WHEN OBTAINING
A 504 LOAN
To help the government fight the funding of terrorism and money
laundering activities, Federal law requires all Certified Development Companies
to obtain, verify, and record information that identifies each person who
applies for a 504 Loan.
What this means for you: When you apply for a 504 Loan, we
will ask for your name, address, date of birth, and other information that will
allow us to identify you. We may also ask to see your driver's license or
other identifying documents.
