Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 19 - OPERATION OF OREGON ENTREPRENEURIAL DEVELOPMENT LOAN FUND
Section 123-019-0100 - Certification of Entities for Business Plan Review

Universal Citation: OR Admin Rules 123-019-0100

Current through Register Vol. 63, No. 9, September 1, 2024

(1) In addition to SBDCs, the Finance Manager may certify an entity for the review of business plans and for providing a Small Business Management Program if the Finance Manager finds in their sole discretion that the entity demonstrates in its proposal to become a certified entity that the management team and counseling staff of the certified entity adequately possess:

(a) Sufficient experience in providing financial counseling to businesses;

(b) Sufficient experience in providing a Small Business Management Program;

(c) Sufficient experience in reviewing business plans;

(d) Sufficient experience in commercial/industrial credit analysis, underwriting, loan structuring, and loan collection;

(e) Sufficient experience in lending portfolio management; and,

(f) Sufficient transactional and portfolio risk mitigation experience comparable to the Fund.

(2) The Finance Manager may establish time periods for certification and review in their sole discretion.

(3) The SBDCs and certified entities will continue to provide small business management services and counseling to the Applicant after the loan has been provided to the Applicant.

Statutory/Other Authority: ORS 285A.075 & 285B.740 -.285B.758

Statutes/Other Implemented: ORS.285B.740 - 285B.758, Ch. 688, OL 1991 & Ch. 765 & OL 1993

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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