Access to Capital

OAME has two ways in which to provide Access to Capital.

  1. Direct financing using OAME’s microloan program (to qualifying small businesses).
  2. Assisting small businesses to target and present loan packages to outside financing sources (traditional banks, public agencies, or investors).

OAMECC Loan Parameters

loanOAME’s subsidiary company, the “Oregon Association of Minority Entrepreneurs Credit Corporation” (OAMECC) incorporates creative initiatives to aid firms in identifying appropriate sources of requisite financing. It is the purpose of OAMECC to help minority small businesses to overcome the specific problems that limit their success and growth through technical assistance and access to needed capital.


Types of OAMECC Loans:

  • Accounts Receivable Loan – A/R loans are ideal if the borrower is waiting for a payment from his /her client.  Example: a business owner is waiting for his client to pay him $10,000 for work already completed and needs working capital before payment is set to arrive. OAMECC can provide a loan up to 80% of the invoice value.
  • Term Loan –  Term loans are based on a specific amount with a specific repayment schedule. Example: a 4 year, $20,000 loan with a 5% interest rate and payments set at $461 per month. Term loans require a complete application package and collateral. Every term loan must be approved by OAME’s Loan Committee.

Eligibility guidelines for both types of loans

  • Business must be located in the State of Oregon and SW Washington**
  • Business is ineligible for traditional bank financing
  • Business is not a startup operation / minimum of 6 to 12 months in business
  • Business must be a for-profit enterprise
  • Business must attend an OAME Access to Capital Orientation  (If you are located outside of the Portland area, please contact the OAME office)

Loan Uses 

  • Working capital, payroll, equipment, leasehold improvements, etc.
  • Loans will not be considered for purchasing real estate or for the sole purpose of debt re-payment or refinance

Parameters for Accounts Receivable Loans

  • Up to 80 % of your Accounts Receivable Invoice
  • $500-$50,000 limit
  • Annual interest rate of 5%
  • Must agree to work with an approved OAME business counselor or approved partner

Parameters for Term Loans

  • Must have 20% owner equity contribution
  • $500-$50,000 limit
  • Annual interest rate of 5%
  • Must have collateral and personal guarantees
  • Must agree to work with an approved OAME business counselor or approved partner

Application Process

  • Obtain pre-loan and loan application information from OAME at the Access to Capital Orientation. (If you are located outside of the Portland area, please contact the OAME office)
  • Make certain you have provided all the required information as outlined on the application check list
  • If you need assistance completing your business plan, you may wish to contact: Service Corp Retired Executives (SCORE), Portland State Business Outreach, or the Small Business Development Center (SBDC) located at your nearest community college

**If your business is located in Clark County (SW Washington), please provide proof of address and documentation extra documentation such as: Washington business registration, license, bond, certification, etc.

O.A.M.E. | 731 N. Hayden Meadows Drive, Portland, OR 97217 | (503) 249-7744 | Subscribe using RSS