Or. Admin. Code § 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 assisting businesses with successfully accessing
capital.
(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.
Notes
Statutory/Other Authority: ORS 285A.075 & ORS 285B.740 -758
Statutes/Other Implemented: ORS 285B.740-758, Ch. 688, OL 1991 & Ch. 765. OL 1993
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(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 .
Notes
Statutory/Other
Statutes/Other Implemented: ORS.285B.740 - 285B.758, Ch. 688, OL 1991 & Ch. 765 & OL 1993