Financing Options

Are you thinking about starting a business???? Financing a startup is a difficult thing to do. New business owners often seek funding from the 3 "Fs" Friends, Family and Fools. (Sorry, I didn't make that up.) There is another alternative, however.

The Oregon Economic and Community Development Department has a small fund to support new entrepreneurs, called the Entrepreneurial Development Loan Fund. For qualified applicants the loans are up to $25,000 with an additional $15,000 follow up loan. This fund will require that you have 20% of the amount of the loan in equity.

For more information about this loan fund, go to: http://www.econ.state.or.us/edlf.htm