Smoke Signals June 1,1995 Page 7
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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.
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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
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