Business Finance & Incentives
PDC connects you with resources — for real results! |
||
|---|---|---|
 |
 |
 |
Ararat Bakery, SE 92nd Ave. |
Rhythm Traders, NE MLK Blvd. |
Bridge City Medical Clinic, NE 106th Ave. |
 |
 |
 |
Ruby Receptionists, NW 14th Ave. |
The Mountain Shop, NE Broadway |
Ecos Consulting, SW 6th Ave. |
For more information, see our Quick Guide to PDC Financial Assistance Programs. Note: PDC Business Finance products are undergoing changes; please call for specific guidelines. |
||
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
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 | Typically 4% | Loan fee: 1% Up to 4 years interest only payments. Up to 7 years amortization following interest only payments. |
City-wide |
Equipment Purchase |
Up to $150k | Typically 4% | Loan fee: 1% Up to 2 years interest only payments. Up to 10 years amortization following interest only payments. |
City-wide |
Real Estate Acquisition |
Up to $250k | Typically 3% | Loan fee: 1% Up to 2 years interest only payments. Up to 20 years amortization with a 10-year term following interest only payments. |
City-wide/ URA |
Tenant Improvements |
Up to $1 Mil | Typically 3% | Loan fee: 1% Up to 3 years no payments. Up to 20 years amortization with a 10-year term following no payments period. |
URA |
Property Development & Rehabilitation |
Up to $2 Mil | Typically 3% | 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 |
| For more information, see our Quick Guide to PDC Financial Assistance Programs. | ||||
Additional Information:
- Minimum Debt-Coverage-Ratio: 1.0
- Maximum Loan-To-Value Ratio: 100%
- Loan amount on most products is usually up to 50k per job created and/or retained over a two-year period.
- 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 50% 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 50% or more of building space being financed.
- Loans are underwritten based on: Management Experience; Industry Experience; Repayment Ability; Credit; Collateral; Leverage; Program Objective; Public Benefits.
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!
You can quickly determine whether your property is in an urban renewal area:
- Enter an address into our GIS Mapping tool.
- Click on the Development link in the top navigation of the query results window.
- 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.
 for PDC's News & Information E-mail Lists |
 |
| View the e-mail archive | Unsubscribe from our e-mail Lists | |
| Find us on: | |
   |
Portland Development Commission | 222 NW Fifth Ave | Portland, OR 97209-3859
Phone: 503-823-3200 | Fax: 503-823-3368
Survey
Page