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Archive Home > 2009 > August > 18 > Bad small business loans at an unheard-of 4 for COIC

Bad small business loans at an unheard-of 4 for COIC

Economic development council takes first sizable losses in three decades

By Scott Hammers / The Bulletin
August 18, 2009

Four business owners have defaulted on loans managed by the Central Oregon Intergovernmental Council since the start of the year, the first sizable losses for the council's economic development loan programs in nearly 30 years.

The COIC board has elected to write off the four loans, losing a....

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