Rule Rule 123-091-0015
Criteria for OBEP Fund Loan

In order to be eligible for a loan from the OBEP Fund, the Department must first find:


That, at the time a loan from the OBEP Fund is considered for approval, the Business:


Has at least 150 employees as demonstrated by documentation determined to be acceptable by the Department;


Is a traded sector business, as defined in ORS 285A.010 (Definitions for ORS 284.101 to 284.148 and ORS chapters 285A, 285B and 285C);


Is not a retailer, as defined in ORS 72.8010 (Definitions for ORS 72.8010 to 72.8200);


Plans to hire at least 50 full-time Eligible Employees before the end of the two calendar years following the year in which the OBEP loan is approved;


Has stated to the Department that a loan from the OBEP was an integral factor in the Business’s decision to hire at least 50 full-time Eligible Employees; and


Has provided all information to the Department as requested and as required by the Oregon Business Retention and Expansion Program;


That the Business’s proposed expansion will result in significant, long-term economic benefit in the region and will serve as a catalyst for additional economic development benefits in the state.
Last accessed
Aug. 10, 2020