Or. Admin. Code § 123-019-0100

Current through Register Vol. 63, No. 11, November 1, 2024

Section 123-019-0100 - Certification of Entities for Business Plan Review

(1) In addition to SBDCs, the Finance Manager may certify an entity for the review of business plans and for providing a Small Business Management Program if the Finance Manager finds in their sole discretion that the entity demonstrates in its proposal to become a certified entity that the management team and counseling staff of the certified entity adequately possess:

(a) Sufficient experience in providing financial counseling to businesses;

(b) Sufficient experience in providing a Small Business Management Program;

(c) Sufficient experience in reviewing business plans;

(d) Sufficient experience in commercial/industrial credit analysis, underwriting, loan structuring, and loan collection;

(e) Sufficient experience in lending portfolio management; and,

(f) Sufficient transactional and portfolio risk mitigation experience comparable to the Fund.

(2) The Finance Manager may establish time periods for certification and review in their sole discretion.

(3) The SBDCs and certified entities will continue to provide small business management services and counseling to the Applicant after the loan has been provided to the Applicant.

Or. Admin. Code § 123-019-0100

EDD 8-1995, f. & cert. ef. 10-26-95; OBDD 10-2010(Temp), f. & cert. ef. 4-12-10 thru 10-9-10; OBDD 34-2010, f. & cert. ef. 10-1-10; OBDD 35-2010, f. 10-14-10, cert. ef. 10-15-10; OBDD 12-2014, f. 6-30-14, cert. ef. 7-1-14; OBDD 4-2022, temporary amend filed 03/09/2022, effective 03/09/2022 through 09/02/2022; OBDD 1-2023, amend filed 01/18/2023, effective 1/18/2023

Statutory/Other Authority: ORS 285A.075 & 285B.740 -.285B.758

Statutes/Other Implemented: ORS.285B.740 - 285B.758, Ch. 688, OL 1991 & Ch. 765 & OL 1993