We bridge the gap between small businesses that are seeking access to capital and lenders who are looking for qualified borrowers. The Oregon SBDC Network’s Capital Access Team (CAT) has regional advisors across the state that provide expert guidance to client businesses on how to get a small business loan. The CAT advising team assists business owners statewide via confidential face-to-face meetings and distance advising.
CAT advisors often help clients in the following ways:
The following pages provide more information about how the Capital Access Team can help you increase your access to capital:
“The OSBDCN Capital Access Team has been an incredible resource for our company, helping us work through the challenges of being a start-up by providing general business counseling, reviewing our business, marketing, and financial plans, and making introductions to city, state, and private financial institutions. We look forward to continuing our work with them and recommend their services to small businesses looking for help acquiring capital for their projects.”
The Oregon SBDC Network's Capital Access Team (CAT) is led by highly qualified SBDC advisors who engage clients via face-to-face and distance counseling (Skype, telephone, videoconferencing and e-mail). The CAT also coordinates “R U Bankable” events in select communities to provide forums for learning about access to capital and acquiring small business loans.
The CAT works with clients that are referred to them by local SBDC Centers and lead Advisors.
In order to ready for a referral to the CAT, clients must pre-qualify by meeting these basic requirements.
All advising is confidential, and each case will be managed collaboratively with the client's local Advisor.
Typical CAT process:
Centers and Advisors are encouraged to refer clients to the CAT when:
The Small Business Development Centers of Portland, Clackamas and Mt.Hood Community Colleges
OSBDCN Capital Access Team Leader, Strategic Advisor and Instructor
Rick developed the R U Bankable/Access to Capital programs at the Small Business Development Centers in the Portland area. Rick also developed a loan packaging process that has increased financial funding for clients at PCC, CCC and MHCC SBDC’s.
The Small Business Development Center at Portland Community College
Capital Access Team Co-Lead, Strategic Advisor and Instructor
Noah has worked with hundreds of business owners and entrepreneurs at the Portland Community College Small Business Development Center as a Business Advisor, Program Facilitator and Part-time Faculty Instructor since 2008.
Our two-year-old education service business needed expansion capital. We found the SBDC, and they generously helped us over five months with responsive, professional advice. The result was a masterpiece loan package / business plan paired with custom selected introductions to the lending community, and eventually a connection to the funding source we needed. We’ll be back to the SBDC in the future.
Tutor Doctor of Portland
We were working with CAT on our business plan and loan application and found it very professional, proficient and helpful. We wish that other entrepreneurs, especially start-ups, were able to find CAT and work together in order to get financing. Working with CAT was crucial for our understanding of what banks want, and how to approach them.
Bohemian Gourmet Food, Beverton
I’ve been working with the SBDC for 3 ½ years now. They have been my rock! As I planned to open my first business, Impact Learning Center, they helped me do research and obtain funding, provided classes such as 'Quickbooks' and 'Managing a Small Business'. They have given me countless hours of counseling support and guidance. After reaching my three year mark, my business is doing incredibly well. I’m so grateful for their support and wisdom. I literally could not have done this business without them.
Impact Learning Center,
The OSBDCN Capital Access Team has been an incredible resource for our company, helping us work through the challenges of being a start-up by providing general business counseling, reviewing our business, marketing, and financial plans, and making introductions to city, state, and private financial institutions. We look forward to continuing our work with them and recommend their services to small businesses looking for help acquiring capital for their projects.
ZH Brewing LLC, Hillsboro
Bank of the Cascades has a robust and ongoing relationship with Rick Stone and his OSBDC Capital Access Team. We have discovered that the emerging companies are very well schooled in their business plans and expectations. The Capital Access Team provides a knowing voice of reason to align the goals of entrepreneurs with the lending/investment appetites of capital providers. From our perspective, an introduction to a business from the Capital Access Team is highly treasured, and we look forward to a continued relationship with Rick and his colleagues.
Bank of the Cascades,
I want to thank you and your colleagues for all the time and energy that OSBDCN has provided to Albina Opportunities Corporation and to our community. You have provided support to small business owners and operators with technical assistance to best position them to qualify for business loans and remain a resource for them as they continue to grow.As you know, many small businesses have had a nearly impossible time getting access to capital since the economy slumped into a deep recession in 2008. Compounding the problem has been the lack by many small businesses to be adequately prepared to provide a handful of attentive lenders with the appropriate documentation needed to tell their story and qualify for a loan. A poorly-constructed business plan is one of their biggest obstacles.Your organization is one of the few that has stepped in to provide high quality advisory services needed by these struggling small businesses. For that I want to thank you and let you know that we continue to be supportive of all that you do for us, for small businesses and for our community at large. Thank you so much!
Albina Opportunities Corporation,
The OSBDCN Capital Access Team is a first-class group of individuals that have a breadth of knowledge and experience across a wide spectrum of industries. In working with the team over the past 12 months, it is apparent the time and effort they put into working with each client and providing top-notch consultation. The Business plans and financial projections were well thought out and researched. We look forward to our continued partnership with Rick Stone and the entire OSBDCN Capital Access Team.
Bank of the Cascades,
In our work with business owners and those seeking to acquire a business, my clients and I have found the Capital Access Team, under Rick’s leadership, to be a great resource. The knowledge, experience and connections of the Capital Access Team is a valuable resource to the business community.
The Transition Group Business Brokerage,
The CAT team has filled a crucial need for small businesses. Small business owners oftentimes don’t know the first thing about how to secure the working capital they need. CAT is a place they can turn to, helping them through the process. Every growing business needs working capital, CAT is able to help them continue healthy growth and prepare them for the next step.
Alliance Commercial Credit Group,
I have had the good fortune to work with Noah Brockman through the Oregon Small Business Development Center (OSBDC) Network Capital Access Team, which specializes in helping clients prepare bank ready loan packages. Noah's leadership skills are exceptional, and he has managed to replicate the successes from his local SBDC Center by deploying a training program that now has six regional managers and over 15 counselors providing the same detail in loan packaging assistance that his team developed in Portland. I am especially impressed with the way Noah documents best practices and develops tools/checklists that our counselors can access to help their clients create detailed and complete loan packages. Noah is a valued member of our OSBDC Network team. He has a deep level of business intelligence that is complimented by his compassion and determination to help others along with his strong financial analysis, project management and communication skills.
Small Business Development Center
Rogue Community College
Noah is a customer advocate who genuinely cares about the client and the future of their business. He is thorough in explaining financials and helping to write business plans so that the client is bank ready and is able to present the best side of their business when seeking financing.
Albina Community Bank,
Noah was essential in helping me obtain funding for a new business venture I was pursuing. His review of my business plan, willingness to provide suggestions, offer alternatives and personally attend business meetings helped me obtain the funding I sought.
Working with Noah on identifying finance options for our business and then working with him on the development of our loan package was a great experience from start to finish. His knowledge of business development and finances was invaluable in this process. I felt like we had strong support and someone to go to throughout the loan process any time we had questions.
Frog Eyes Wasabi
Rick Stone at the Capital Access Team was instrumental in helping us understand lender requirements to fund our business. He helped us prepare an excellent application and secure a loan from the State of Oregon Entrepreneurship Development fund. What Rick is doing is exactly the help small business in America needs to become successful and help rebuild our economy.
Better Bean Company
When we were formulating our business plan, we knew that we hadn't done a decent job and that we had a lot of work and thought put into it, but taking it to pros like Rick and Noah at SBDC was beneficial. Not only did they help us tailor our business plan in such a way to make our idea more feasible and palatable to potential lenders, but they also were able to raise questions that we hadn't thought about which helped us not only raise capital, but to be more successful once the doors actually opened.
We would highly recommend CAT and Rick Stone to small businesses that need capital. We can't stress enough how much the assistance you gave us has helped resolve our capital needs. We appreciate the detailed info you provided in order to qualify for a loan from participating banks; the coaching on how to present the company and ourselves to potential lenders; and the exposure to multiple financial institutions. Along with that I now have a detailed summary of our financial status to use for future needs. Thanks again, Rick, for you and the CAT's assistance.
Rick Stone, the OSBDCN and specifically the Capital Access Team were instrumental in helping me secure the funding to grow my company to the next stage. They helped along every step of the way, from business planning to connections with the financial community, to ensure our success! And successful we were. We proved our bankability and got a loan to expand capacity. I am deeply grateful.