Conditions required for loan approval
(1) The Oregon Business Development Department may approve a loan requested in an application filed under ORS 285B.743 (Application for entrepreneurial development loan) if, after investigation, it finds that:
(a) The applicant is enrolled in a small business management program with a small business development center or certified entity;
(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
(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 (Legislative intent) to 285B.758 (Oregon Entrepreneurial Development Loan Fund).
(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 (Legislative intent) to 285B.758 (Oregon Entrepreneurial Development Loan Fund), an applicant must also satisfy one of the following conditions:
(a) The business must have annual revenues of $500,000 or less in the 12-month period immediately preceding the date of application.
(b) 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. [1991 c.688 §8; 1997 c.147 §5; 2007 c.70 §72; 2007 c.804 §38; 2009 c.830 §132; 2010 c.106 §§3,7; 2011 c.558 §4]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.