Access to Capital for Small Business
- Local loans available for Benton, Lincoln, and Linn Counties
- SBA 504 loans Statewide – 25-year debenture term available
“The SBA’s 504 loan program had another year of high performance for lending, with 5,874 loans made for a total dollar amount of over $4.75 billion. In FY18 SBA launched the 25-year Debenture, which offers an extra 60 months of financing at a fixed rate for small businesses. Since its introduction in April, over 1,000 debentures had been sold by the end of September.” – U.S. Small Business Administration (SBA)
Oregon Cascades West Council of Governments (OCWCOG) continues to offer and package U.S. Small Business Administration (SBA) 504 Loans Statewide and other valuable lending instruments. These include loans through the U.S. Department of Agriculture (USDA), U.S. Economic Development Administration (EDA), and local special funds aimed at projects in OCWCOG’s Region of Benton, Lincoln, and Linn Counties. OCWCOG, with its more than 30-years of lending experience, has a long and proud history of assisting small businesses in our Region with their financing needs.
OCWCOG’s Cascades West Business Lending (CWBL) mission is to stimulate investment, job creation, and job growth, specifically focusing on making loans to new and expanding businesses that cannot obtain traditional bank financing.
Funds are available in Benton, Lincoln, and Linn Counties
Fixed Rate Loans
Up to 15-year terms
No prepayment penalties
Rates for U.S. Small Business Administration (SBA) 504 Loans
5.25%* fixed for 10 years as of October 2018
5.49%* fixed for 20 years as of October 2018
5.53%* fixed for 25 years as of October 2018
SBA 504 Loan debt refinancing is also available.
“Let’s Keep Oregon Money in Oregon”
“Creating jobs in Oregon… one business at a time”
*Estimated based on pricing published by the National Association of Development Companies (NADCO) the first Thursday of each month. 20-year term loans fund every month; 10-year term loans fund every other month. Effective interest rates are inclusive of servicing fees.