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Financing Your Business
Wheeler County - John Logan Revolving Loan Fund


Wheeler County Development Corporation, in partnership with the Wheeler County - John Logan Revolving Loan Fund, looks forward to assisting you with small business financing needs. 


If your business needs financing, contact our Officer of the Board, Mr. Greg Smith. 


Mr. Smith is available to travel to your small business, residence or future business location to acquaint you with our program guidelines and application process. 


Just give us a call today at (541) 377-9464. 

Click here to download a John Logan RLF flyer.

Our Goals
  • To retain and create permanent jobs that provide families with adequate means to sustain their standard of living, coordinate public and private investments in the community, job training and entrepreneurship.

  • Strengthen the long-term economic health and potential of Wheeler County.

  • Support economic development, which enables the community to retain and re-circulate wealth created by the Revolving Loan Fund and complimentary activities.

Who makes the decision on loan approval?
  • Five dedicated members of the community, along with our Officer of the Board, have been appointed by the Wheeler County Court to review submitted loan applications. The committee then makes a recommendation to the Court, who approves or denies the loan request.

  • It is important to note that each committee member has signed a confidentiality agreement. Financial and business information submitted to our program is held in the strictest of confidence.

How long does a Borrower have to pay back the loan?

Terms are generally set within the following guidelines:


  • Working Capital, 1-10 years

  • Equipment Loans, 1-15 years

  • Real Estate Loans, 1-20 years

What can our loan funds be used for?

Loan proceeds from the revolving loan fund may be used for the establishment of a new business, expansion of an existing business, creating or retaining jobs, or community development projects.

How much money can our program loan?
Up to $40,000 or 75% of the total cost of the project.
Who may borrow from our loan fund?

Borrower(s) must:

  • Be citizens of the United States or legal residents.

  • Conduct significant business activity in Wheeler County.

  • Be a for-profit, non-profit, or charitable enterprise located in Wheeler County

  • All outstanding debt owed to Wheeler County, State of Oregon, or the federal government must be current and paid as agreed in order for our Borrower(s) to qualify.

What kind of interest rates does our program offer?

A number of factors determine the interest rate, they include:


  • Borrower(s) need.

  • Financial risk.

  • Community impact.

  • Market conditions.

  • Administrative requirements.


The rate of interest is generally a fixed annual rate between 5.0% - 10.0%.

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Contact Us Today


Greg Smith

P.O. Box 447

Fossil, OR 97830

Phone: (541) 377-9464

Below is the application forms you will need to fill out to apply for the Wheeler County - John Logan Revolving Loan fund. Completed forms can be emailed to

Wheeler County - John Logan Revolving Loan Fund (Board Members)


Wheeler County Development Corporation and Wheeler County – John Logan Revolving Loan Fund are overseen by a five-member citizen advisory committee appointed by the Wheeler County Court.


Board Members

  • John Qualls (Financial Sector)

  • Judge Lynn Morley (Non-Voting, Advisory)

  • Pat Farrell

  • Jeremiah Holmes

  • Matt Davis



Greg Smith, Officer to the Board

Sherri Smith, Staff

Wheeler County - John Logan Revolving Loan Fund (Application Materials)



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