Benton County
Loans and Resources

There are two loan programs available from OCWCOG in Benton County – Business Investment Fund loans and Rural Development Fund loans (available outside of Corvallis only). If either of these loan programs fit your needs, please follow the link for the Loan Application Process.

Business Investment Fund

For-profit and not-for-profit businesses acquiring or improving land; buildings; machinery and equipment; furniture and fixtures; or businesses in need of working capital can apply for a business investment fund loan. Refinance loans are available with this loan, under limited conditions.

  • Economic Impact: 1 job / $25,000 borrowed within 3 years
  • Loan Amount: $100,000 maximum, but not more than 75% of project cost
  • Private Contribution: minimum of 25% of project
  • Costs:
    • OCWCOG loan fee of 1.5% of the loan amount
    • Application deposit of $500, non-refundable if the application is withdrawn after approval
    • Borrower pays all closing costs, these may be included in the loan request

Rural Development Fund (outside Corvallis only)

For-profit or not-for-profit businesses acquiring, remodeling, or refurbishing land; building; machinery and equipment; furniture and fixtures; or businesses in need of working capital. Refinance loans are available with this loan, under limited conditions. For-profit or not-for-profit businesses must be located outside of the city limits of Corvallis, OR to apply.

  • Economic Impact: 1 job / $50,000 borrowed
  • Loan Amount: $250,000 maximum, but not more than 75% of project
  • Rate:  The minimum interest rate will be 5%; $12.00 monthly service fee
  • Private Contribution: 25-50% of project, minimum
  • Costs:
    • OCWCOG loan fee of 1.5% of the loan amount
    • Application deposit of $500, non-refundable if application withdrawn after approval
    • All closing costs are paid by borrower, may be included in the loan request.

Contact Us

Sandra Easdale
seasdale@ocwcog.org
541-924-8460