Making Dreams Come True
Rainbow Valley Design and Construction specializes in remodels and custom home construction, turning dreams into reality. With a full year of projects planned, COVID-19 brought unexpected challenges. Luckily, Oregon Pacific Bank specializes in small business loans.
Supporting Staff Amid Crisis
Rainbow Valley employs around 45 people, including designers, project managers, and carpenters. Their main concern was supporting staff during the pandemic. “When the PPP loans became available, we jumped on that opportunity,” says General Manager Chip Radebaugh.
Partnership with OPB
“When coronavirus hit, we started seeing a lot of clients having difficulties or at least forecasting potential difficulties,” says Joe Carmichael, one of OPB’s Eugene area Commercial Relationship Managers. “The pandemic put a huge emphasis on knowing who your banker is—I also think it put an emphasis on bankers knowing their clients. A community bank is only successful when our businesses are successful.”
Securing PPP Loans
Securing the PPP loan meant that Rainbow Valley could bring its crew back right away, make payroll and even offer temporary bonuses during the crisis.
“The loan application process with Oregon Pacific was really streamlined,” Chip says. Banking with OPB has been a dream. It’s like no other banking relationship that I know of.”
Connect with us today to discover how Oregon Pacific Bank can support your business and help it thrive. We look forward to building a relationship with you!
