Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 18 - CAPITAL ACCESS PROGRAM
Section 123-018-0000 - Purpose and Scope
Universal Citation: OR Admin Rules 123-018-0000
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The purpose of this division of administrative rules is to provide definitions, procedures, standards and criteria, to establish eligibility, and to stipulate rights and obligations for operation of the Capital Access Program.
(2) The Capital Access Program assists small businesses needing financial capital to grow and to undertake economic activity in this state by subsidizing loss reserves so that conventional lending institutions have greater capacity to satisfy this need.
Statutory/Other Authority: ORS 183.310 - 183.540 & ORS 285B.109-285B119
Statutes/Other Implemented: ORS 285B.109-285B119
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