November: News for Lenders and Small Businesses

Small Business Administration 504 and 7(a) Loan Programs Name Changes

Earlier this month, the Small Business Administration (SBA) announced that the 504 and 7(a) loan programs names were changing –

CDC / 504 Loans are now SBA Grow Loans
7(a) Loans are now SBA Advantage Loans

All policies, procedures, and forms remain the same for the time being.

SBA does expect there to be a transition period, where the website, regulations, Standard Operating Procedures, forms, and vendor software will be updated.

OCWCOG specializes in community and economic development in Benton, Linn, and Lincoln Counties. As our regions’ premier federally and locally secured public business lending program, we recognize that obtaining capital to grow or start a business can be difficult. In partnership with traditional sources of capital, OCWCOG can help your small business secure the final or extra financing you may need to be successful.

Funds are available in Benton, Lincoln, and Linn Counties
Statewide for Small Business Administration (SBA) Grow Loans

Rates for SBA Grow Loans

4.67%* fixed for 10 years as of November 2016
4.36%* fixed for 20 years as of November 2016
SBA Grow Debt Refinancing is now available.
Please contact Loan Officer Sandra Easdale, if you have any questions.
541-924-8460 | 541-967-4651 fax |

 “Let’s Keep Oregon Money in Oregon.”

“Creating jobs in Oregon… one business at a time.”

*Estimate 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.