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ABAE Art Loans

Art Loans are a way for new or existing businesses and nonprofits to contribute to the creative vibe in Eugene while boosting their bottom line. Made possible through a collaboration of the City of Eugene and the Arts and Business Alliance of Eugene, these loans encourage Eugene businesses, artists and nonprofits to incorporate art in a way that creates economic growth. In Eugene, art means business.

Program Update (July 2020)

We are excited to announce that we are making Art Loans available for as low as 0% interest! If you’ve been wanting to add some fun and captivating artwork to your business or need some cashflow to help your arts organization operate, we can help!

We are now offering the Art Loans with the following adjustments:

  • 0% interested if repaid in one year
  • 1% interested if repaid in two years
  • $5,000-$50,000 available per loan (smaller/larger loans will be considered on a case by case basis)

Art Loans can be used for, but are not limited to:

  • Allowing businesses to pay artists to create signage or murals to help promote the business and draw in new customers
  • Helping arts organizations cover overhead costs during a time of minimal income
  • Allowing arts organizations to invest in technology to enable staff to work from home or to move their products and performances online
  • Funding historical renovations, storefront improvements and creative place-making projects or events

“Eugene Ballet’s partnership with the city has provided unique opportunities for us to expand over the past 40 years. Whether it’s commissioning exciting new music for The Snow Queen, new choreography for Wandering On, or the live performances of Orchestra Next, creating remarkable dance requires collaboration. The City of Eugene Art Loan program provided critical short-term financing solutions, making it possible for us to commission these artists and bring these incredible productions to life.” – Josh Neckels, Executive Director, Eugene Ballet

Photo Credit and Copyright 2017: Aran (Ari) Denison – All Rights Reserved

FOR MORE INFORMATION

Visit: EUGloans.org

Contact: Aaron Doreen
Business Loan Analyst
99 W 10th Ave, Eugene, OR 97401
Ph: 541-682-5448 | Fx: 541-682-5572