Financing

Business Assistance Loan Program

Overview
To support businesses create and retain jobs, MCEDD provides loans for the financing
needs of businesses with favorable rates, terms and requirements.

Eric Nerdin,
Loan Program Manager
Phone: 541-296-2266

MCEDD Loan Application and Forms: (Standard PDF) or (Auto Fillable PDF)
Important- Save file to your computer before filling out.

Business Links | Loan Client Success Stories | About Loan Program

To make an appointment regarding our Loan Programs, please contact: Eric Nerdin

About MCEDD's Business Assistance
As a service to the regional business community and as a strong part of our economic development strategy for the region, MCEDD manages several business loan programs that provide an accessible, affordable source of capital for projects that create or retain jobs. These loan funds can be used to contribute to the financing needed by a business to purchase or build new facilities, purchase equipment, or provide working capital.

Public loan programs were created to help small businesses obtain a complete financing package by working with traditional sources of financing, such as commercial banks, and other state and federal programs. By providing a part of the financing, lower down payments can enable the borrower to keep working capital invested in receivables and inventory so that it may earn a profit, while improved facilities and equipment financed through a locally managed loan fund can provide the advantage of increased capacity and competitiveness. This has the added benefit to the local communities of the creation of new jobs, expanded tax base and stimulated business activity.

In addition to the funds directly managed by MCEDD, our staff is knowledgeable about most state and federal loan and assistance programs and have developed close relationships with those organizations. We can help a business to access and can help package applications to a range of loan programs such as the SBA or Oregon or Washington business development loan funds.

Although eligibility varies slightly for each type of program managed by MCEDD, all are designed to leverage other sources of public and private capital. Long term financing matches the maturity of the loan to the useful life of the assets, while debt service is matched to cash flow. We invite businesses to talk with our Loan Program Manager to discuss their project and financing needs.

Other Loan Programs in the MCEDD region:

The Dalles Urban Renewal

Oregon Investment Board

Mount Hood Economic Alliance

Links to Other Business Resources

Cascade Locks - Hood River Enterprise Zone

Mid-Columbia Economic Development District is an Equal Opportunity Lender. MCEDD does not unlawfully discriminate on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, marital or family status in employment or the provision of services, and provides, upon request, reasonable accommodation including auxiliary aids and services necessary to afford individuals with disabilities an equal opportunity to participate in all programs and activities.

 

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last updated: June 23, 2016

All contents of this site are copyright © 2005 MCEDD, unless otherwise noted.
Contact MCEDD for more information:
515 East Second Street • The Dalles, OR 97058
 phone: (541) 296-2266; TTY 711   • fax: (541) 296-3283

MCEDD is an equal opportunity employer, lender and provider.