Prosper Portland Business Finance Programs
Contact: Terri Morgan, 503-823-3442 or email
With a mission to create economic growth and opportunity for Portland, Prosper Portland connects you to resources to create more jobs for Portland. We work with Portland businesses to identify business needs and eligibility for either our assistance programs or those of our partners, and then help you find the program that fits best.
In general, Prosper Portland business finance programs address the need for:
- Tenant improvements
- Equipment purchase
- Façade improvements
- Property development & rehabilitation
- Real estate acquisition
- Credit enhancement
- Property feasibility study
- Working capital
We also connect you to the Portland Enterprise Zone program, efficiency improvement programs, and state and federal incentives.
Local Small Business Repair Grant
The Local Small Business Repair Grants use existing tax increment funding (TIF) resources and funding allocated by City Council to provide near-term support for small businesses impacted by the pandemic.
Portland Small Business Relief Fund
City Council allocated $15 million in federal CARES Act relief to Prosper Portland to distribute to small business via the Small Business Relief Fund and block grants to community nonprofits.
Community Livability Grant
The CLG program prioritizes projects that benefit communities of color or people with low incomes, and that promote widely shared prosperity.
Thriving Small Business Loan Program
The Thriving Small Business loan program, which has been structured to address access-to-capital issues faced by underrepresented populations, including businesses owned by women and people of color and businesses owned by those in low-income areas.
Prosper Portland Business Finance Programs
Prosper Portland works with Portland businesses to identify business needs and eligibility for either our assistance programs or those of our partners.
Commercial Property Redevelopment Loan Program
The Commercial Property Redevelopment Loan Program provides financial assistance for property development or rehabilitation that furthers economic development in commercial areas or on commercial corridors.
Enhabit Financing Partnership
Enhabit offers home upgrades like seismic strengthening, energy efficiency, radon and solar panels
PropertyFit Financing
PropertyFit offers long-term financing for energy efficiency and renewable energy-related building improvements.
Startup PDX Challenge
The Startup PDX Challenge (2013-2015) focused on supporting entrepreneurs with diverse founding teams and the ambition to scale to a national or international market.
Inclusive Business Resource Network
The Inclusive Business Resource Network (IBRN) is a citywide program that brings multiple services for small business into a single network for entrepreneurs.
Inclusive Startup Fund
The fund provides early-stage investment capital and mentoring to local high-growth companies founded by underrepresented groups across a variety of industries.
Prosperity Investment Program (PIP)
PIP Grants are awarded to support business competitiveness and/or property redevelopment in projects that meet social equity goals.