The state of Oregon has applied for federal funds to bolster some existing small business financing programs, as well as create new programs that provide access to capital for new and growing Oregon businesses. While still awaiting final confirmation and federal guidance, this federal program — the State Small Business Credit Initiative (SSBCI) — is expected to provide more than $83 million for Oregon’s small businesses. The funding will be used for programs that offer innovation-related venture capital and venture loans, as well as capital to provide and support more traditional small business lending.
While there are many elements within this upcoming program that are established based on federal regulations, state requirements, or agency program requirements, Business Oregon is expanding its engagement with capital providers, technical assistance providers, and the public regarding how some of these strategies will be executed. These community meetings will feature presentations from Business Oregon staff where they will present program information, answer questions, and solicit input on certain aspects of the program’s approach.
The first of these virtual meeting sessions will be held April 7, 2022 via a Zoom meeting. When you register for this free event, you will be emailed a link to the meeting when it becomes available.
Can’t make it on April 7? Sign up below to hear from Business Oregon about the State Small Business Credit Initiative funding opportunity! More details here
