Oregon Success Stories
Business Oregon Backing Helps "Green" Paint Company Grow Jobs
Since 2002, Business Oregon loans and export assistance has helped Forrest Paint Company of Eugene create nearly 100 jobs over a decade.
Resources
Application Files—Download to Fill-in and Save
Additional Information
- Enrolled lenders (banks/credit unions)
- Distressed Areas
- Collateral Support Insurance Program Flyer
- Lender Claim Information
- SSBCI 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.
