Business Finance & Incentives

PDC connects you with resources — for real results!
Ararat Bakery Rhythm Traders Bridge City Medical Clinic

Ararat Bakery, SE 92nd Ave.
PDC helped Ararat Bakery put borscht, baked goods and a positive business outlook on the menu in Lents Town Center.

Rhythm Traders, NE MLK Blvd.
Rhythm Traders, a creative and flourishing business, moved into a larger space with PDC funding— this is the sound of success!

Bridge City Medical Clinic, NE 106th Ave.
An older home in the Gateway neighborhood now houses a medical clinic providing primary care, thanks to the owner’s vision and a combination of PDC loans and grants.
Ruby Receptionists The Mountain Shop Ecos Consulting

Ruby Receptionists, NW 14th Ave.
Ruby Receptionists called on PDC to help with expansion. The answer? Funding for larger space, new jobs and a growing business.

The Mountain Shop, NE Broadway
“Our goal to become Portland’s premier eco-friendly outdoor clothing and gear store got closer, with assistance from PDC’s flexible loan programs.”
- Grant Thurston, The Mountain Shop

Ecos Consulting, SW 6th Ave.
Portland’s green economy depends on companies like Ecos Consulting — guiding clients to reduce energy use, manage carbon emissions and make operations more sustainable with help from PDC.

Note: PDC Business Finance products are undergoing changes; please call for specific guidelines.

 

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Real results

Get connected to resources– for real results

The Portland Development Commission connects people and resources to create more jobs for Portland. We work with city of Portland businesses to identify business needs and eligibility for PDC assistance,  and then help you find the program that fits best.

In general, PDC business finance programs address the need for:

  • Working capital
  • Equipment purchase
  • Real estate acquisition
  • Tenant improvements
  • Property development & rehabilitation
  • Property feasibility study
  • Façade improvements

Program Information

See the chart below for service areas, interest rates and general terms.
PDC Business Finance products are undergoing changes; please call for specific guidelines.

 

BUSINESS NEED

LOAN AMOUNT

INTEREST RATE

GENERAL TERMS

SERVICE AREA

Working Capital

 Up to $100k Max Prime
+ 4%		 Loan fee: 2%
Up to 1 year interest only payments.
Up to 10 years amortization.                                                                  		 City-wide

Equipment Purchase

 Up to $150k Max Prime
+ 4%		 Loan fee: 2%
Up to 1 year interest only payments.
Up to 7 years amortization.                                                                                      		 City-wide

Real Estate Acquisition

 Up to $250k Max Prime
+ 4%		 Loan fee: 2%
Up to 1 year interest only payments.
Up to 10 years amortization with a 10-year term.                                                                                    		 City-wide/ URA

Tenant Improvements

 Up to $2 Mil Max Prime
+ 3%		 Loan fee: 1%
Up to 1 year interest only payments.
Up to 10 years amortization with a 5-year term.                                                                               		 URA

Property Development & Rehabilitation

 Up to $2 Mil Typically 3%
Call to confirm		 Loan fee:  0%
20 years amortization with a 10-year term for permanent loan.
Pre-development and construction loans also available under different terms. 		 URA

Property Feasibility Study

 Up to $12k N/A Grant:  80/20 matching grant to help commercial property owners and option holders to study the feasibility of property redevelopment. URA

Façade Improvements

 Up to $20k N/A Grant:  Up to 75/25 matching grant to help commercial property owners and/or tenants with storefront improvement costs. City-wide/ URA

 

Additional Information:

  • Minimum Debt-Coverage-Ratio: 1.0
  • Maximum Loan-To-Value Ratio: 100%
  • Funds may be used to support start-up companies, but most fund sources require business to be in operation for at least 2 years.
  • Depending on the source of funds, real estate acquisition may require applying at least 51% of the loan amount towards improvement related expenditures.
  • Depending on the source of funds, real estate acquisition and tenant improvements may require borrower to occupy 75% or more of building space being financed.
  • Loans are underwritten based on: Management Experience; Industry Experience; Repayment Ability; Credit; Collateral.

Portland Enterprise Zone & State Incentive Programs

 

Portland Enterprise Zone

PDC is the local sponsor for the Portland Enterprise Zone program, which uses five-year property tax exemptions  to leverage significant private investment that spurs economic activity in the community. 

State Incentive Programs

For State of Oregon incentive programs, contact the knowledgeable staff at the Oregon Economic and Community Development Department (866-467-3466) or visit www.Oregon4biz.com for details.

Map Your Property

Map your property!

You can quickly determine whether your property is in an urban renewal area:

  1. Enter an address into our GIS Mapping tool.
  2. Click on the Development link in the top navigation of the query results window.
  3. Look at the information under Urban Renewal Area (URA). If your property is within a URA, it will display Property Eligible: Yes with the district listed below it.

 

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Contact Us

To find out how we can help you with finance options, call us at 503-823-3321 or email Neal Fitzgerald.

 


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Portland Development Commission | 222 NW Fifth Ave | Portland, OR 97209-3859
Phone: 503-823-3200 | Fax: 503-823-3368
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