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Additional Information

Who's Using This Program?

Oregon Administrative Rules

Oregon Revised Statutes (ORS)

Oregon Credit Enhancement Fund

The Oregon Credit Enhancement Fund (CEF) is a loan insurance program available to lenders to assist businesses in obtaining access to capital.

The fund insures the repayment of loans made by lenders that provide working capital or fixed-asset financing to businesses. The program:

  • is available to almost any business,
  • can include loans used for fixed assets or working capital,
  • can insure term loans and lines of credit and
  • has an enrollment fee typically between 1.25% and 3.5% of the insured amount based on the term and type of the credit facility.

Loan insurance is:

  • typically up to 80% of the loan amount for term loans with a maximum insurance exposure of up to $2,000,000,
  • a maximum term that does not exceed the useful life of assets securing the loan or a maximum term of 15 years,
  • typically, up to 75% of the loan for operating lines of credit with a maximum insurance exposure of $1,500,000,
  • a maximum initial term of one year for operating lines of credit,
  • available on business term loans and operating lines made by participating financial institutions (banks and credit unions)
  • available for secured loans (usually needing full collateral coverage except for First Loss Collateral Support Insurance) and
  • subject to other criteria outlined in the CEF Application and Oregon Administrative Rule.