Micro Enterprise Loan Program

The economic heart of Grants Pass is its small business community. This community provides most of the jobs in the area, and a majority of our largest employers started out as small mom and pop businesses. One of the most difficult things for an entrepreneur just starting out is to find capital to get their business from an idea to an actuality.

To help these entrepreneurs to accomplish their dreams, the City of Grants Pass has started a micro enterprise loan program. This program allows entrepreneurs to borrow up to $10,000 or as little as $300 to start or run their businesses. The loan cannot be for more than 5 years or less than 6 months. The minimum interest rate will be 4% over the Wall Street Journal prime and no less than 8% and will run the length of the loan. A loan origination fee of $50 plus 2% of the loan will be charged to each loan.

Eligibility Requirements


  • Must currently reside or operate a business within the Urban Growth Boundary of the City of Grants Pass
  • Must have lived or done business at present location with the City of Grants Pass for at least 1 calendar year
  • Must be at least 18 years of age
  • Must have enrolled in or have completed a Small Business Development Center (SBDC) or other certified business counseling program
  • Must prepare a business plan approved by a SBDC advisor or other certified business counseling advisor
  • Must be a start up business or have had sales of less than $250,000 over the previous calendar year

Eligible Activities


  • Business expansion or start up activities, which can include but are not limited to:
    • Leasing of space or equipment
    • Marketing
    • Purchase of material and/or equipment
    • Repairs
  • Certification key to business success
  • Technical assistance and/or training
  • Other activities not prohibited

Documents & Additional Information


For more information and/or to request an application, please contact the City of Grants Pass at 541-450-6000.