Mt. Hood Economic Alliance Program

The Mt. Hood Economic Alliance is a collaboration between Clackamas, Hood River, and Wasco counties created to support small businesses through gap financing loans. This opportunity is especially for local businesses looking to secure financing outside of conventional banking routes.

Basic Loan Requirements:

• Applicant participation: 10% to 25% of funds needed for the project.

• Collateral generally needs to equal 100% of loan amount.

• Business net profit must provide debt coverage of at least 1 10% of the loan amount.

• Assignments of insurance policies as appropriate.

• Review of personal credit history and personal financial situation.

• Business performance/forecasting of profit and loss analyzed.

• One job created or retained per $25,000 in loan funds is the loan portfolio goal.

• Leverages a minimum of $1 for every $1 of loan funding received.

• Personal guarantees of principals with 20% ownership .

• Project is located in and benefits residents living in Clackamas, Hood River or Wasco Counties.

For more information about loan terms or about the Mt. Hood Economic Alliance, visit the website here or view the flyer below.