(1) Any individual or business firm may file with the Oregon Business Development Department an application to borrow money from the Oregon Entrepreneurial Development Loan Fund as provided in ORS § 285B.740 to 285B.758. The application shall be filed in such a manner and contain or be accompanied by such information as the department may require.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(2) Upon receipt of an application under this section, the department shall determine whether the applicant is eligible to receive a loan under ORS § 285B.740 to 285B.758. The department may adopt rules for processing applications from applicants that are not eligible to receive a loan under this section. [1991 c.688 § 7; 2001 c.684 § 21; 2007 c.804 § 37; 2009 c.830 § 131]