Global Logistics Firm Grows By Leaps and Bounds in its Portland Home
UTi Worldwide grew from 14 employees to more than 230 in just 18 months thanks in part to a $250,000 loan from Business Oregon.
There are several assistance and financing programs available from local and federal resources that may be used to meet business needs. These resources range from training, to developing a business plan and counseling, to providing business financing.
The following are resources for loans and financing programs provided through federal programs that often times are used along side state and local resources to complete loan and technical assistance packages for businesses.
Oregon businesses are encouraged to apply for federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. These highly competitive programs are designed to stimulate technological innovation and provide new opportuntities for small businesses. Business Oregon helps local businesses with a SBIR/STTR Phase 0 Matching Grant Program designed to help defer the costs associated with hiring a proposal writing consultant (up to $3,000 of matching funds); a proposal review consultant (up to $500 of matching funds) or attendance at a qualified SBIR/STTR conference (up to $500). Learn more >>
United States Department of Agriculture (USDA)
The United States Department of Agriculture (USDA) Business Programs works in partnership with the private sector and community-based organizations to provide financial assistance and business planning. USDA Business Programs helps fund projects that create or preserve quality jobs and/or promote a clean rural environment.
The USDA Business and Industry (B&I) Guaranteed Loans Program is one of the primary lending programs utilized in rural areas (most of Oregon outside of the Portland-metro area, Salem, Corvallis, Eugene, Medford and Bend). Program information
Farm Service Agency (FSA)
The Farm Service Agency (FSA) primarily delivers services to farmers, ranchers and agricultural partners. FSA makes direct and guaranteed farm ownership and operating loans to family-size farmers and ranchers who cannot obtain commercial credit from a bank, Farm Credit System institution or other lender. FSA loans can be used to purchase land, livestock, equipment, feed, seed and supplies. Additionally, FSA loans can be used to construct buildings or make farm improvements. Program information
Small Business Administration (SBA)
The Small Business Administration (SBA) and its programs work in partnership with private financial institutions to provide financial assistance to small businesses. The SBA also provides business training and business planning resources to assist businesses in growth and development. This assistance is offered through a variety of SBA programs including Patriot Express, SBAExpress, Community Express, 7(a) and 504 loans. Program information
The following are resources for training, counseling, loans and financing programs and other technical services from local providers.
Small Business Development Centers
In addition to the financing programs and other Business Oregon services, the agency works closely with the state’s Small Business Development Centers (SBDC) to help small businesses grow.
SCORECounselors to America's Small Business
SCORE is a nonprofit association dedicated to educating entrepreneurs and to the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE provides support to business owners by offering 24/7 online mentoring advice, in-person meetings, low- cost workshops, “how-to” articles, business templates, online workshops and online training. Program and service information:
Business Oregon connects small business owners to local business organizations that provide contracting, consulting/counseling and/or financial services.
Oregon's smart implementation of federal business financing tools as well as its approach to innovation investment has been nationally recognized as a model for its efficiency and effectiveness.