Business Oregon: Oregon Port Revolving Fund: Port Revolving Loan Fund: State of Oregon

The Oregon Port Revolving Fund provides loans to ports for the planning and construction of facilities and infrastructure. Eligible costs include: pre-project planning, engineering, acquisition, improvement, rehabilitation, construction, operation and maintenance. The project must be mentioned in the port’s strategic business plan.

Ports can finance a total amount of $3 million from the fund. The interest rate on repayment will be determined by Business Oregon at market rates, but not lower than US Treasury Notes of comparable maturity minus one percent. The term of the loan may not exceed the useful life of the contracted project or 25 years from the year of completion of the project, whichever is shorter.

The repayment starts no later than one year after the date of the loan contract. If the loan is for a flexible manufacturing space project, Business Oregon may determine that interest will not accrue until the building is at least 25 percent occupancy, or until three years from the date of the loan contract, whichever is the case. occurs first.