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About Smoke signals. (Grand Ronde, Or.) 19??-current | View Entire Issue (June 1, 1995)
Smoke Signals June 1,1995 Page 7 1 . . ' ' " 1 Monies available for businesses Tribal Business Development Manager Resigns All arnwintr huxinpssps ntiA rnvh Finrtino Ampmop AiiiHrjHn A Unllr,iv.r. 4 J ' All growing businesses need cash. Finding business financing can be challenging. For those of you looking for a business loan or grant dollars, here's a brief guide to available programs. ' financing financing Program Requirements , Terms - Contact Person Source ProgramO) . , Bureau of Indian Loan I) S350.000 loan maximum Terms are SBD Start Attain Guarantee 2) Mutt5tlndan defined by the or Program owned business lender. BIA Staff at the 3) Minimum 20 equity In Portland Area can or unencumbered Office aswti (03)231-6716 4) Applicant muitb a member ot a federally recogrtied Indian tribe. 5) Must llrxi a lender wiling to make the loan with the guarantee condition, Bureau of Indian Direct Loan 1) Applicant mutt be a Terms are SBD Staff Affairs Program member ot a federally defined by the recognized tnbe. BIA ot the time of 2) Finance a "for profit- loan approval, buainea that wH benefit a reservation economy. 3) S350.COO loan maximum. 4) Minimum 20 equity In cash or unencumbered assets MkJ-Wlllamette SBA 504 1) To be used tor land. 10 to 20 year John Safstrom Council of Program buNdlngs. new construction, term, the Interest (03)588-5177 Governments and equipment. rate Is 2) Up to SI 00 0X1 or 40 approximately of the prolect. the U.S. Treasury 3) Should create 1 job for Note rote 1.7. each SMflOO. and loan fees of 2.675. MIct-WBIamette Yamhill County 1) To be used for land. Interest rate Is John Safstrom Council of Revolving Loan construction, equipment, 50 of the prime (503)588-5177 Governments Fund and working capital. rate, but not less 2) Buslneiimut be located than 6. term In Vamhni County. not greater than 3) Loan Wied to 33 of 120 months, and total prolect amount. 1 .5 loan fees 4) Should create I ob for each S 16.000 Mid-Willamette Regional 1) To be media land. Interest rote Is John Safstrom Council of Revolving Loan buildings, new construction, determined by (503)586-5177 Governments Fund equipment, and working the loan capital. committee with 2) Agriculture ond o minimum of manufacluing related 6. terms up to businesses In Marlon. Pc 15 years, and and Yamhill Counties. loan fees of 3) Should create 1 lob for 1.5. each S 15.000. 4) S5.rj00toSI5O.00Owltha maximum of 33 of protect cost. Mkj-Wllkxriette Rural , 1) To be uied for land. Interest rale Is a John Safstrom Councilor Community buildings, new construction, minimum of 5. (503)588-5177 Governments Loan Program equipment, and working terms up to 20 capital. years, and loan 2) BuHneii must be located fees of 1.5 In a community with less than 25.000 In Marlon. Polk and VamhHI counties. 3) M MOT mCTdrnum loan up to 50 ol prolect cost. 4) Should create I lob for each 525.000. Mld-WWamette Oregon Business 1) lo be used for land. Interest rate is 1 JohnSotstrom Council of Development bulldingi. new construction, above US (503)588-5177 Governments FundCOBDF) equipment, ond working Treasury capital. securities, term 2) Business must be in upto25yeors. manufacturing, processing and 1.5 loan or tourism industry, fees. 3) $250,000 maximum loan or 40 of total project. 4) Should create 1 ob for each S15.00Q. ONABEN Microtoan I) $2,500 maximum toon $50 application SBD Staff or Financial Program 2) Can be a itort-up fee due at the ONABEN business time of 1-800-854-8289 or 3) Loan can be application, 243-5015 subordnated to collateralize maximum 3 year other debt. term. Small Business Low Doc I) Can be a start-up Interest rates Local bank or Administration Program business. and terms vary lending 2) Business muit have based on loon Institution, average annual soles of less size, purpose, than $5 million and employ and ability to lees than 100 people. repay. 3) Other terms and conditions as defined by the lender. 4) Applicant must apply through theS local bonklender. Cascades West Microloan I) Aimed al women, low- Interest rale Is up Cascades West Financial Program sicome, minority and rural to 12.375, (503) 757-6654 entrepreneurs and buaness maximum term owners. of 6 years, and 2) Business must be located the loan fee is In: Benton. Clackamas. $100 plus Hood River. Jefferson. Lane, additional costs. Unn. Lincoln. Marlon. Multnomah. Polk. Tlamook. Wasco. Washington, or Yamhi County. 3) Can be used for machinery ft equipment, furniture ft ftrturee. Inventory and working capital. 4) Maximum loan amount k S25000. 5) . Borrower must have 20 equity. State of Oregon i .WWW:- ' In April, Mitch Conley, Small Business Development Division Manager, resigned from his posi tion. Mitch was the Division Manager since June 1989, and de veloped a successful Native American small business develop ment center that is a model for others being organized around the country. Philosophical differ ences with tribal administration SBD receives a BIC! The Small Business Adminis tration (SBA) recently awarded the first Business Information Center (BIC) to a Native Ameri can group Oregon Native American Business and Entrepre neurial Network (ONABEN). BIC provides computer equip ment, business reference materi als and staff to assist entrepreneurs develop prosperous businesses. ONABEN's BIC equipment will be divided between Grand Ronde, Warm Springs, and the Klamath Tribe. These are the first SBA sponsored BIC in Indian country. Seattle is the closest BIC location in the Pacific Northwest. Receiving this equipment and materials is a tremendous oppor tunity for Native business devel opment. Mitch Conley, former Grand Ronde SBD Division Man ager and Patrick Borunda from ONABEN were instrumental in obtaining this for Oregon Native American business development. were cited as his reason for leav ing his position. In addition to his intensive busi ness counseling and training with Grand Ronde tribal members, Mitch also conceived and created Oregon Native American Busi ness and Entrepreneurial Network (ONABEN). ONABEN is a non profit corporation created by a coalition of Northwest Indian Tribes to address the needs of Native American entrepreneurs. ONABEN currently offers busi ness development training pro grams aimed at creating success ful small businesses, owned and operated by Native Americans. ONABEN began with funds from Grand Ronde, Siletz, Warm Springs and the Klamath Tribe. The Small Business Administra tion currently funds ONABEN. It has been instrumental in devel oping and enhancing over 300 Na tive American businesses in the state of Oregon. Mitch was well known by Grand Ronde tribal members for his expertise, and willingness to listen. Several successful tribal businesses were developed with the guidance of Mitch and his staff. Mitch Conley gave his heart and soul to Grand Ronde entrepre neurs. Mitch's commitment to the Grand Ronde Tribe and its tribal members will be missed. His staff would like to say a warm-hearted "Thank you" to Mitch forhis guid ance and nurturing. We will miss you, and wish you the best in your travels. I X. , .-VsarWtsr- t : ! ! . ." ?vr ir y ) ' . V V. Sf3. i - . . : ;yi iL I t a v;- Small Business Development staff, clockwise from left: Penny DeLoe, former Division Manager Mitch Conley, Shelley Hansen, Elaine Moore, and Debby Childers. Not pictured: Sam Henny. Computer training schedule for June If you are interested in jumping into the "high tech" age, this is your chance. Debby Childers, Administrative Assistant in Small Business Development, offers computer training classes each month. These classes are based on first-come, first serve. All classes are from 2:00 to 4:00 p.m. on days indicated. No fee for tribal members, $ 1 0 fee for non-tribal mem bers. (Coming Soon: classes will be expanded to a four hour format, and the fee will increase to $50 per class for non-tribal members.) Please note the new location is the modular building behind Spirit Moun tain Development Corp., 28840 Salmon River Highway. To register, please call Penny DeLoe in Small Business Development at 879-2476. If you don't see the class you're interested in, or the times aren't conve nient, call Debby or Penny at 1-800-422-0232. Print Shop Deluxe -June 2 Beginning Windows -- June 6 Beginning Word June 9 Advanced Windows -June 13 Advanced Word - June 16 Beginning Excel - June 19 Intro to P C's - June 23 Advanced Excel June 26 Print Shop Deluxe - June 30
