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CJOC Offers Loans to Help CO Businesses Amid Pandemic Restrictions

By on July 8, 2021 0

BEND, Ore. (KTVZ) – The Central Oregon Intergovernmental Council (CJOC) is moving into the next phase of offering revolving loan funds to help businesses.

As we move beyond the restrictions associated with the pandemic, many businesses need capital to grow or restore a solid financial base. The public loan program helps both new and existing businesses that may have difficulty obtaining traditional bank financing.

Working capital, equipment financing or commercial real estate are all included in the loan program. Loan terms are exceptionally flexible and structured to meet the needs of businesses to promote economic expansion or stability in starting a business.

Loans range from $ 5,000 to over $ 250,000. CJOC is able to provide small business loans in central Oregon, including all communities in Crook, Deschutes and Jefferson counties.

According to Scott Aycock, Director of CED, “CJOC’s Small Business Loan Program is a great resource for entrepreneurs and small business owners who have a great business plan and potential for growth, but who might not. have sufficient track record, collateral or other factors required by banks. We strive to meet the needs of underserved borrowers and strongly encourage business owners to give us a call, even if you have had difficulty obtaining financing elsewhere.

More information can be found by contacting Patrick Germick, Loan Officer, at [email protected] or 541-280-9611, or by browsing the CJOC website at www.coic.org/prêts.

CJOC was appointed Council of Governments in 1972 under RHA 190 and serves local governments in central Oregon. CJOC provides regional services for employment and training, alternative secondary education, business loans, planning and governance, community and economic development, and transit services operated by Cascades East Transit.

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