OAR 340-178-0020
Reduced Interest Rate Benefits

(1)

Any person qualifying for Tier 1, 2, 3, or 4 UST financial assistance under OAR 340, division 172 will qualify for a reduced interest rate where the person receives a loan for UST project work from a commercial lending institution.

(2)

In addition to the requirements of section (1) of this rule:

(a)

A person qualifying for Tier 1 financial assistance is eligible to receive a reduced interest rate of 7.5 percent on a loan for the first $100,000 of eligible UST project costs;

(b)

A person qualifying for Tier 2 financial assistance is eligible to receive a reduced interest rate of 5.0 percent on a loan for the first $100,000 of eligible UST project costs;

(c)

A person qualifying for Tier 3 financial assistance is eligible to receive a reduced interest rate of 3.0 percent on a loan for the first $100,000 of eligible UST project costs; and

(d)

A person qualifying for Tier 4 financial assistance is eligible to receive a reduced interest rate of 1.5 percent on a loan for the first $100,000 of eligible UST project costs.

Source: Rule 340-178-0020 — Reduced Interest Rate Benefits, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=340-178-0020.

Last Updated

Jun. 8, 2021

Rule 340-178-0020’s source at or​.us