New lender eyes Central Oregon

Published Feb 14, 2013 at 04:00AM

An Ilwaco, Wash.-based community development financial institution wants to open an office in Bend by 2016, it was expected to announce today.

Craft3 provides community development loans to individuals, nonprofits, entrepreneurs and others that may need financing.

As part of an expansion across Washington and Oregon, the nonprofit plans to open a Bend office within three years, to provide loans for Central Oregon groups, according to a news release.

Craft3 has invested more than $242 million in loans since it was founded in 1995. It also has offices in Seattle and Port Angeles, Wash., as well as in Portland and Astoria.