Business Oregon Relender Program (BOR)

About this funding opportunity

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Page Navigation Business Oregon Relender Program (BOR)

Business Oregon’s Relender Program is a program designed to support unregulated community lenders (Community Development Financial Institutions, Economic Development Districts, Tribal lenders, and Nonprofits) by co-funding eligible loans originated by participating community lenders.

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Business Finance Officer

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The Relender Program addresses gaps in traditional lending by making capital accessible to those that would otherwise lack financing options.

Applicants for funding under the Relender program are unregulated community lenders with a physical presence in Oregon and have an established loan loss reserve or will participate in the Loan Loss Reserve Account Program.

Disclaimer: Businesses cannot apply directly for this funding, but can approach eligible relenders about this opportunity. How Does Funding Work?

TBA Who is Eligible?

This program is only available for Community Development Financial Institutions, Economic Development Districts, Tribal lenders, and Nonprofits who have a physical presence in Oregon and are enrolled in the program.

Banks or financial institutions, as defined by ORS 706.008, are ineligible under this program, but may be able to participate in the Oregon Capital Access Plan (CAP) or the Oregon Credit Enhancement Fund (CEF) program. What is the Application Process?

TBA

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Topic areas: Public Policy and Governance, General and Cross-cutting R&D, Workforce Development, Social Innovation and Community Development.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Business Oregon Relender Program (BOR) is administered by Business Oregon (Oregon Business Development Department) (Business Oregon), listed via Business Oregon (Oregon Business Development Department).