Art Loans are a way for new or existing businesses and nonprofits to contribute to the creative vibe in Eugene while boosting their bottom line. Made possible through a collaboration of the City of Eugene and the Arts and Business Alliance of Eugene, these loans encourage Eugene businesses, artists and nonprofits to incorporate art in a way that promote economic growth. In Eugene, art means business.
Interest rate is fixed, typically below market, for the term of the loan.
Repayment terms are structured to meet individual project needs.
$50 non-refundable application fee
Acceptable collateral includes business assets, assignment of guaranteed funding, real property and/or personal guarantees.
$10,000 - $100,000: dependent upon availability of funds. Applications for larger or smaller loan amounts may be considered on a case-by-case basis.
Project financing will not exceed 50% of overall project budget