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Brand Live owners
Software start-up Brand Live used a PDC working capital loan to advance its product development, sales and marketing.

The Portland Development Commission connects people and resources to create more jobs for Portland. We work with Portland businesses to identify business needs and eligibility for PDC assistance, and then help you find the program that fits best.

In general, PDC business finance programs address the need for:

  • Tenant improvements
  • Equipment purchase
  • Façade improvements
  • Property development & rehabilitation
  • Real estate acquisition
  • Credit enhancement
  • Property feasibility study
  • Working capital

 

Program Information

See the chart below for service areas, interest rates and general terms.
Please call for specific guidelines.

BUSINESS NEED  LOAN AMOUNT  INTEREST RATE  GENERAL TERMS  SERVICE AREA 
Tenant Improvements  Up to $2 Mil Max Prime
+ 3%
Loan fee: 1%
Up to 1 year interest only payments.
Up to 10 years amortization with a 5-year term
URAs
Equipment Purchase* Up to $150k Max Prime
+ 4%
Loan fee: 2%
Up to 1 year interest only payments.
Up to 7 years amortization
City-wide
Façade Improvements Up to $32k N/A Grant: Up to 75/25 matching grant to help commercial property owners and/or tenants with storefront improvement signage costs. City-wide/
URAs
Property Development & Rehabilitation  Up to $2 Mil Max Prime + 3% Loan fee: 1%
25 years amortization with a 10-year term for permanent loan.
Pre-development and construction loans also available under different terms.
URAs
Real Estate Acquisition* Up to $250k Max Prime
+ 3%
Loan fee: 1%
Up to 1 year interest only payments.
10-20 years amortization with a 5- to 7-year term

City-wide/
URAs

Credit Enhancement*
Varies Varies Applicant applies through a private lender.
Private lender uses its own underwriting guidelines and obtains PDC approval.
PDC provides 50% of insurance up to $25k to the bank.
City-wide
Property Feasibility Study  Up to $12k N/A Grant: 80/20 matching grant to help commercial property owners and option holders to study the feasibility of property redevelopment. URAs
Working Capital* Up to $100k Max Prime
+ 4%
Loan fee: 2%
Up to 1 year interest only payments.
Up to 7 years amortization
City-wide

Mountain Shop

“Our goal to become Portland’s premier eco-friendly outdoor clothing and gear store got closer, with assistance from PDC’s flexible loan programs.”
- Grant Thurston, The Mountain Shop

* Additional Information:

  • Minimum Debt-Coverage-Ratio: 1.0
  • Maximum Loan-To-Value Ratio: 100% 
  • Funds may be used to support start-up companies, but most fund sources require business to be in operation for at least 2 years. 
  • Depending on the source of funds, real estate acquisition may require applying at least 51% of the loan amount towards improvement-related expenditures. 
  • Depending on the source of funds, real estate acquisition and tenant improvements may require borrower to occupy 75% or more of building space being financed. 
  • Loans are underwritten based on: Management Experience; Industry Experience; Repayment Ability; Credit; Collateral;
  • Personal and/or corporate guarantees of all principals (spouses included) and entities with 20% and higher ownership interest in the business is required.

 

Portland E-Zone, Lean/Efficiency Improvement & State Incentive Programs

Portland Enterprise Zone
PDC is the local sponsor for the Portland Enterprise Zone program, which uses five-year property tax exemptions to leverage significant private investment that spurs economic activity in the community. 

Lean/Efficiency Improvements
Since 2004, the PDC has collaborated with the Oregon Manufacturing Extension Partnership to provide lean/efficiency improvement consultations for more than 50 Portland manufacturers. PDC provides a 50% match of up to $12,500 for OMEP services to qualified companies.

State Incentive Programs
For State of Oregon incentive programs, contact the knowledgeable staff at the Oregon Business Development Department (866-467-3466) or visit www.Oregon4biz.com for details.

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