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Jennifer Janda
| Mar 29, 2013
Ali and Oniko Mehrabi wanted to add a second screen to show more new movies and increase customer traffic of their Pine Theater. But they were unable to secure financing. Craft3 provided funds to construct an addition for a second-story screen. This loan was made possible with capital provided by Meyer Memorial Trust.
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Jennifer Janda
| Mar 29, 2013
Craft3 provided Outlaw Energy with a bridge loan for delivery of a completed $1.3 million BTU pellet boiler system to Sisters High School. The installation replaced the existing commercial oil heating and hot water system for the 42,000 square foot high school. Sisters School District estimates annual savings of $36,000.
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Jennifer Janda
| Mar 29, 2013
Craft3 provided Healthy Benefits Market with an Indian County Loan to cover start-up costs. Proceeds were used for equipment, inventory, and tenant improvement. Capital support for this loan was provided by The Ford Foundation.
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Jennifer Janda
| Mar 29, 2013
Craft3 provided Green Hammer with working capital for energy efficiency construction contracts qualified under Clean Energy Works Oregon, a home retrofit effort to create jobs, reduce pollution, and expand business opportunities.
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Jennifer Janda
| Mar 29, 2013
Craft3 provide Lawrence Goodell with loans to purchase the Pacific Rooster, a fishing boat used for crab, halibut, and black cod, and to assist with start-up costs. These loans were supported by an Office of Indian Energy and Economic Development (IEED) guarantee.
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Jennifer Janda
| Mar 29, 2013
Through CEWO, Craft3’s Home Energy Efficiency Loan is available to homeowners in Oregon’s Clackamas, Clatsop, Columbia, Multnomah, Tillamook and Washington Counties. Since 2009, Craft3 has provided over $27.6 million in loans to more than 2,100 homeowners.
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Jennifer Janda
| Mar 29, 2013
Craft3 provided Scott Lager with a loan to start his own business, Celestial Seafood. He was able to refinance the Eclipse and retire existing debt. Additional funding was provided to purchase crabbing gear and equipment, pay for vessel maintenance, and for working capital.
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Jennifer Janda
| Mar 29, 2013
With demand for services increasing, Albina Opportunities Corporation contacted Craft3 for a line of credit. Craft3 provided a loan to support AOC’s lending activities and portfolio growth. This loan was made possible with capital from SBA’s Intermediary Lending Pilot Program.
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Jennifer Janda
| Mar 08, 2013
Kathy Russo and Jim Conachan started the StreetCar Bistro & Taproom in 2012. Craft3 provided Kathy with a loan to help with start-up costs associated with opening the StreetCar Bistro & Taproom.
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Jennifer Janda
| Mar 04, 2013
Clark Bowen and his wife Tami own and operate CB’s Nuts, a certified organic processing facility. Craft3 provided CB’s Nuts with loans for equipment, inventory, leasehold improvements and to refinance debt.
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Jennifer Janda
| Mar 04, 2013
In 2012, Craft3 and Portland Development Commission (PDC) prioritized small business lending within Neighborhood Prosperity Initiative (NPI) Districts and East Portland. Craft3 is pleased to make its first loan to City of Roses Disposal & Recycling for site improvements for an on-site material recovery facility.
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Jennifer Janda
| Mar 04, 2013
Craft3 provided CPoW Livestock Processors Cooperative Association with a Small Business Credit Initiative Loan to purchase processing line equipment, fixtures and holding pens. This loan was made possible with capital from Washington State Department of Commerce to make loans to businesses unable to access traditional sources of capital.
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Jennifer Janda
| Mar 04, 2013
Craft3 provided Lakebay Mechanical with a loan for working capital and to retire existing debt. This loan was made possible with capital from Communities at Work Fund.
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Jennifer Janda
| Mar 04, 2013
Craft3 has provided multiple loans to Trails End Recovery to help Dean build, and grow, his recovery business over the past ten years. The most recent loan in 2011 financed a wood chipper and de-barker equipment, provided working capital, and refinanced an existing Craft3 loan.
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Jennifer Janda
| Mar 04, 2013
Craft3 provided Bayside Apparel with a loan for accounts payable, inventory, equipment, and working capital. This loan was made possible with capital
provided by the CDFI Fund.
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Jennifer Janda
| Mar 04, 2013
Jody Marincovich opened AFF after OBJJ Full Fitness Center closed in 2012. Having been involved with OBJJ since it opened in 2003, Jody knew the industry and OBJJ’s customers. Craft3 provided Jody with a loan to purchase exercise equipment from OBJJ Full Fitness Center.
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Jennifer Janda
| Dec 21, 2012
Craft3 is providing Face Rock Creamert with loans for the construction of the cheese factory and retail store, and to purchase production and retail equipment. Soon the new Face Rock Creamery will be making great dairy products and bringing jobs and visitors back to Bandon.
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Jennifer Janda
| Nov 30, 2012
Pippa had a enchanting vision, but was unable to get the capital she needed to make it a reality. As a start-up business, banks were unable to help her. Then she heard about Craft3. Craft3 provided Pippa with a loan for leasehold improvements, equipment and inventory.
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Jennifer Janda
| Nov 30, 2012
Craft3's partnership with Jefferson LandWorks Collaborative preserves farm land, restores habitat, creates jobs and economic opportunity, and increases local food. It strengthens economic, ecological and family resilience.
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Jennifer Janda
| Nov 05, 2012
Craft3 made an energy efficiency contractor loan to RCC to supply working capital for construction contracts qualified under the Community Power Works (CPW) program. RCC will use its loan for up-front costs associated with Craft3 home energy efficiency upgrade projects in the City of Seattle.
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