{"data":{"id":"us-or/ors-285b.746","jurisdiction":"us-or","citation":"ORS 285B.746","heading":"Conditions for loan approval.","body":"(1) The Oregon Business Development Department may approve a loan requested in an application filed under ORS 285B.743 if, after investigation, it finds that:\n      (a) The applicant is enrolled in a small business management program with a small business development center or certified entity;\n      (b) The applicant has prepared a business plan for the business, which has been reviewed by a small business development center or other entity certified by the department to review business plans; and\n      (c) The applicant is not effectively owned or controlled by another business entity or other person that, either by itself or when combined with the applicant, is not eligible for a loan under ORS 285B.740 to 285B.758.\n      (2) In addition to the requirements for loan approval described in subsection (1) of this section, in order to obtain a loan under ORS 285B.740 to 285B.758, an applicant must also satisfy one of the following conditions:\n      (a) In the 12-month period immediately preceding the date of application, the business may not have had annual revenues that exceeded $1.5 million;\n      (b) At the time of application, the business must have fewer than 25 employees;\n      (c) The business or proposed business must be owned, in whole or in part, by a person certified as having a severe disability by the Department of Human Services or the Commission for the Blind; or\n      (d) The applicant must submit proof to the Oregon Business Development Department that the applicant is a veteran who:\n      (A) Has a United States Department of Veterans Affairs total disability rating of at least 70 percent as a result of an injury or illness that the veteran incurred, or that was aggravated, during active military service; and\n      (B) Received a discharge or release under other than dishonorable conditions.","path":["07 - Public Facilities and Finance","26a. Economic Development","Chapter 285B — Economic Development II"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors285B.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"3db28fa058ec80191f3be8360ee6de1375ee685babe8ac54c298c9a5aee8739f","source_id":"us-or","stale":false,"prev":"us-or/ors-285b.743","next":"us-or/ors-285b.749"},"notice":"GroundRules: Original legal text. Not legal advice."}