Business Growth Loans

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The City of Eugene's Business Development Fund (BDF) provides assistance to new and existing businesses via the federal Community Development Block Grant (CDBG) program. Established to create jobs and stimulate private sector investment, the BDF has loaned almost $18 million to over 230 Eugene businesses, leveraging an additional $58 million in private investment. Since 1984, the BDF has helped to create over 1,300 new jobs.

Emerging Business Loan Pool (EBLP)

The Emerging Business Loan Pool (EBLP) operates under the BDF program. The EBLP seeks to address extraordinary credit barriers through the application of flexible financing methods.


Related Information


Businesses are generally eligible if they are:

  • A for-profit or not-for-profit entity;
  • A start-up or existing business; and
  • Located within the boundaries of the City of Eugene.

Applicants Pay the Following Fees


  • 1% loan fee
  • $50 nonrefundable application fee
  • Closing costs

Funds Can Be Used Toward:


  • Land acquisition, including related costs and improvements,
  • Leasehold improvements,
  • New construction or remodeling, including related costs,
  • Project specific working capital and inventory purchases,
  • The purchase of machinery and equipment.

Interest Rates


  • The interest rate is fixed, typically at market, for the term of the loan

The Loan Amount Is Determined By:


  • Availability of funds
  • Job creation impact (job creation is calculated on a ratio of one full-time job for every $35,000 loaned)


Loan Terms

  • The loan term is based on the use of funds and the useful life of the asset
  • Loan terms are generally between three and seven years
  • Most loans require at least 50/50 private matching funds (exception: EBLP)

Collateral


Acceptable collateral generally includes:
  • Business assets
  • Real property
  • Personal guarantees
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Contact Us

  1. Aaron Doreen


    Business Loan Analyst
    99 W 10th Ave
    Eugene, OR 97401
    Ph: 541-682-5448
    Fx: 541-682-5572
    Email