Greater Eastern Oregon Development Corporation is the
Premier CDC in Eastern Oregon!
Greater Eastern Development Corporation assists borrowers by helping to assemble
loan packages, reviewing credit information, performing loan analysis,
submitting applications, and locating competitive lenders interested in making
you an SBA loan. We do the work while you continue to run your business. And we
do not get paid unless your loan gets approved. To find out more information on
our loans see below, then contact Greater Eastern Development Corporation to see
how easy we can make it for you!
- GEODC Loans
GEODC's financing products are designed to fill the gap that often
exists between traditional financing and borrower equity. Working with a
local commercial lender and a borrower, GEODC provides the missing piece of
the finance puzzle.
GEODC's funding sources and nonprofit nature allow it the flexibility to
provide rates and terms favorable to the borrower.
Creating and retaining local jobs is fundamental to GEODC's lending
decisions. GEODC can help if you need a loan for working Capital or fixed
assets.
-
- SBA 504
The SBA 504 Loan---A Fixed Rate Commercial Real Estate Loan With
Only 10% Down Regions Served
|
Program |
Uses
|
Amount
|
Terms
|
Service Area |
|
SBA 504 |
-
Land/Bldg Acquisition
-
New
Construction
-
Equipment, Fixtures and Machinery
|
Not
to exceed 40% of project cost
* *
* * * * *
Loan
Range $125,000 - $4,000,000
|
10
or 20 Years
* *
* * *
Life
of Asset |
All of
Oregon
|
|
Rural Development
Intermediary Relending Program (IRP)
|
-
Land/Bldg Acquisition
-
New Construction
-
Equipment, Fixtures and Machinery
-
Inventory, Supplies and Working Capital |
Not to Exceed 75% of total Project
* * * * * * *
Loan Range $5,000 - $250,000 |
Life of Asset
* * * * *
Working Capital terms set at closing |
Gilliam
Grant
Harney
Malheur
Umatilla
Wheeler |
|
Economic
Development Administration (EDA)
|
-
Land/Bldg Acquisition
-
New Construction
-
Equipment, Fixtures and Machinery
-
Inventory, Supplies and Working Capital |
Not to exceed approx. 1/3 of total project cost
* * * * *
Loan
Range:
$5,000 - $100,000 |
Life of Asset
* * * * *
Working Capital terms set at closing |
Gilliam
Grant
Morrow
Umatilla
Wheeler |
|
Regional
Strategies |
-
Fixed Assets
-
Land/Bldg Acquisition
-
New Construction
-
Equipment, Fixtures and Machinery
-
Inventory, Supplies and Working Capital |
Loan
Range:
$1,000 - $100,000 |
Set at closing |
Baker
Gilliam
Grant
Harney
Malheur
Morrow
Wheeler |
|
Microbusiness
Revolving Loan Fund
|
-
Land/Bldg Acquisition
-
New
Construction
-
Equipment, Fixtures and Machinery
-
Inventory, Supplies and Working Capital
|
Not
to exceed $10,000
|
Life
of Asset
*
* * * *
Working Capital terms set at closing
|
Gilliam
Grant
Harney
Malheur
Morrow
Umatilla
Wheeler
|
|
Native American Entrepreneurial Revolving Loan Fund
|
-
Land/Bldg Acquisition
- New
Construction
-
Equipment, Fixtures and Machinery
-
Inventory, Supplies and Working Capital
|
Not
to exceed $20,000
|
Life
of Asset
*
* * * *
Working Capital terms set at closing
|
Gilliam
Grant
Harney
Malheur
Morrow
Umatilla
Wheeler |
|
