- July 9, 2021
- Posted by: Stratford Team
- Category: Business
BEND, Ore. (KTVZ) — The Central Oregon Intergovernmental Council (COIC) is moving into the next phase of offering revolving loan funds to help businesses.
As we move beyond pandemic restrictions, many businesses are in need of capital to grow or re-establish a solid financial foundation. The public lending program helps both new and existing companies that may have difficulty receiving traditional bank financing.
Working capital, equipment financing, or commercial real estate are all included in the lending program. Loan terms are exceptionally flexible and structured to meet the needs of businesses to promote economic expansion or stability in launching business activity.
Loans range from $5,000 to over $250,000. COIC is able to offer small business loans across Central Oregon – including all communities in Crook, Deschutes, and Jefferson counties.
According to Scott Aycock, CED director, “COIC’s small business…