BOOST Loan Program

The BOOST loan program is a revolving loan fund that provides term fixed-rate financing for businesses in need of operating capital. Loan proceeds may be used to support daily operations (i.e., rent or mortgage payments, utilities, marketing expenses, employee expenses, accounts receivable/payable, small equipment purchases, etc).

Loans are:

• A maximum amount of $150,000,
• A maximum term and amortization of 4 years and
• A minimum fixed interest rate of Prime plus 5% APR.

Applications must show the business:

• Has the ability to create or retain jobs as a result of the loan,
• Provides comparable wages to their employees,
• Is a traded-sector business,
• Has 100 or fewer employees,
• Can provide good and sufficient collateral for the loan,
• Possesses a reasonable capacity to repay the loan and
• Meets other criteria outlined in the OBDF Application and Oregon Administrative Rule.