■
O ctober 7,19 9 8 • C 1 6
(E ljr J .ln r tln n îi ( P h g m i c r ’a
ií
n in o Rit y
(Easiness
Resources For
Business Capital
L aila F. C ully
The O reeon Econom ic D evelopm ent D epartm ent offers various
finance program s:
I. C apital Access Program (CAP)
The Capital A ccess Program increases the availability o f loans to
O regon sm all businesses from banks. The program provides loan
portfolio insurance, so lenders may make loans that carry higher than
conventional risks, but that are w ithin the soundness and safety
requirem ents o f federal and state banking regulations.
The program is non-beauracratic and flexible. A CA P loan is a
private transaction betw een borrow er and lender. The lender may
extend a term loan, a line o f credit, or both, and under w hatever
arrangem ents are agreed to with the borrower. CAP may ba used to
cover the full am ount o f the loan or line o f credit, or a portion o f it.
C ontact: D avid Dahlin, O regon Economic D evelopm ent D epart
ment, 775 Sum m er St. NE. Salem, O r 9 7 3 10. Phone: 503.986.0170 or
Fax: 5 0 3 .5 8 1.5 1 15.
2. O regon E ntrepreneurial D evelopm ent Loan Fund
The O regon Entrepreneurial D evelopm ent Loan Fund (ED LF)
allow s the O regon Econom ic D evelopm ent Department to make initial
loans o f up to $25,000 to entrepreneurial businesses.
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To be elieible, the applicants m ust m eet two o f the foU ow ine
conditio ns :
- The business has not been operating for m ore than 24 m onths.
- The business has revenues o f $ 100,000 or less.
- The business is ow ned by a severely disabled person.
In addition, the fo llo n in g requirem ents m ust be met:
* The applicant has enrolled in a Small Business Development
Center (SBD C) small business m anagem ent program or a certified
business assistance organization, such as the O regon A ssociation o f
M inority Entrepreneurs, (OAM E).
* The applicant has prepared a business plan and has had it reviewed
by an SBDC or other certified entity, such as OAM E.
* An expenditure plan and application has been prepared.
Proeram Achievements:
This program provides financing for start up business. Loans have
been extended to 135 companies, throughout the state, in the m anu
facturing, services, construction, distribution and retailing sectors.
Contact: M ike Forsee, Oregon Economic Development Depart
ment, 775 Sum m er St. NE. Salem, OR. 97310. Phone:
503.986.0168 Fax: 503.581.5115.
Ma “n” Pa Strong’s
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best, we jest say.
You Can
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h t t p : //
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African
American
Appointed
Sam Jackson has volunteered and
has been accepted as the African
American Coordinator in the the
Department ofPastoral Serv ices for
the Archdicese o f Portland in Or
egon.
This appointment became offi
cial on July 22, 1998. During the
last 22 years, Sam has worked with
the Portland Black Catholic Lay
Caucus.
Sam can be reached at 503-233-
8341.
A t im e t o
R e fle c t o n o c ir
a c h ie v e m e n ts
op th e p a s t
a n d c o m m it
t o OUR
pROQRess in
th e fu ta R e , a s
a c o m m u n it y .
I i l l l c { 'I m p e l n l ll ic ( ii i m c s
Punenti I lo m e
had already lieen
su p p o rtin g th e fam ilies o f
I’m lim ili
A fte r 8 5 y e a r s, o u r
c o m m it m e n t t o th e
fam ilies o f o u r c o m m u n ity
c o n tin u e s . W e are here
in tim e s o l n e e d , ju st as
A
H istory
o f
S ervice .
w e alw ays h ave b e e n .
A tra d itio n th a t c o n tin u e s.
It is a r e s p o n s ib ility th a t
w e h o n o r . It is o u r rea so n
CfrapèCofihCfnmes
for b e in g .
430 N. Killingsworch Street
Portland. Oregon 97217-2499
Id.. 503.283.1976 Fax: 5OJ.283.1979
A PROUD HERITAGE OF SERVICE SINCE 1 9 1 2
HRS YOÜR PHONE BEEN DISCONNECTED?
Simply Cellular £■ Telephone rMOooOFF"
“WE SERVE MIGHTY
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REKAH STRONG - OWNER
Cascade Plaza 4134 N. Vancouver,
Portland, OR. 97217
(503) 493-7355
Music Millennium
3 2n d & E. B urnside
2 3 1 -8 9 2 6
2 3 rd & NW Johnson
2 4 8 -0 1 6 3
3939 NE Martin Luther King Jr Blvd.
Suite 109
TELEPHONE
RECONNECTION
(Reg. $45.00)
280-8000
Hours: Mon.Tri. I Oam - 6pm, Sat. By Appointment
Telephone Reconnections
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j
Mall 205
10428 SE Stark Portland, OR. (503)
2524062
The Dalles
1700 W. 6th Avenue The Dalles, OR.
(541)296 3648
Orchards
10412 NE Fourth Plain Blvd.
, Orchards, WA. (360) 254 4153
Mill Plain
400 E. Mill Plain Blvd.
Vancouver, WA. (360) 696
1016
Clackamasl 5815 SE 82nd
Drive Clackamas, OR. (503)
557 8048
Salem 3680 Market St. SW. Salem, OR
(363) 733 3370
Downtown 425 NE Hassalo Portland
OR. (503) 235 1028
Jantzen Beach
1220 N Center St. 12201
Portland, OR (503) 289 5808
Hazel Dell
7815 NE 6th Avenue Vancouver,
WA (360)574 0471
Beaverton
8787 SW Scholls Ferry Rd
Beaverton, OR. (503) 641
1752
Town Center
12001 SE 82nd Avenue,
Portland, OR. (503) 659
1013
Gresham
105 E. Burnside Rd
Denny’s Green Team Restaurants
Salute
Minority Businesses
Denny’s Is committed to providing the best possible service to sll
customers regardless of race, creed or national origin.
Fax 247-9474
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