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Small Business Loans in Oregon

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By Erin Ryan Social Community Manager, Senior Writer and Editor at Fast Capital 360 Reviewed By Mike Lucas
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Loan Overview

  • Coins stacked on table with blue arrow pointing up
    Loan Amount Up to $500,000
  • Calendar image appearing as though the page is being flipped
    Estimated Repayment Terms 1-5 Years
  • Speedometer icon
    Interest Rate Starting at 7%
  • Dollar sign in circle
    Speed of Funding As fast as 1 day

Whether you’re running an artisanal ice cream shop in Portland, an organic farm in Eugene or another small business somewhere in between, there may come a time when you need extra funds to operate. 

If that time is now, we’ve got you covered. Check out several top lenders offering small business loans in Oregon and get details on additional resources you can turn to for assistance.


Oregon’s Small Business Landscape

There are more than 387,000 small businesses in Oregon, according to the Small Business Administration (SBA). Beavers and ducks aside, Oregon is a state teeming with rich natural beauty and resources. Some popular industries include:

  • Agriculture
  • Forestry
  • Fishing
  • Tourism
  • Hydroelectric power

5 Banks for Small Business Loans in Oregon

1. Umpqua Bank

Umpqua Holdings was named No. 56 on Forbes’ America’s Best Banks list. Additionally, Umpqua Bank is A+ rated with the Better Business Bureau (BBB) and named a Best Regional Bank by SmartAsset.

If you’re seeking SBA loans in Portland, Oregon, or another city in the state you’ll find them here as well as the following:

  • Term loans
  • Real estate loans
  • Vehicle loans
  • Lines of credit
  • Equipment leasing and finance

2. HomeStreet Bank

This Oregon SBA lender is A+ rated with the BBB. It’s also earned a 4.9-star rating on WalletHub from more than 2,700 reviewers. 

Business financing options available in the following:

  • Term loans
  • Lines of credit
  • Dental practice lending
  • Legal practice lending
  • Medical practice lending
  • Commercial real estate loans

3. Oregon Pacific Bank

This bank isn’t only A+ rated with the BBB, but it also has earned a 4.9-star WalletHub rating. Here, you’ll find SBA loans for Oregon businesses as well as USDA loans. Other financing options include lines of credit, equipment financing and commercial real estate loans.

4. U.S. Bank

U.S. Bank is A+ rated with the BBB and made Forbes’ list of America’s Best Banks. It’s also one of the top SBA lenders in Oregon. Business loans available here include the following:

  • Business credit cards
  • Business lines of credit
  • Equipment financing 
  • Practice financing 
  • McDonald’s franchise financing

5. Riverview Community Bank

This financial institution was named one of WalletHub 2021’s best banks in Oregon. It also has an A- rating with the BBB.

If you’re in search of SBA Portland, Oregon, business loans, you’ll find them here, including 504 and 7(a) funding programs. Additional financing options include term loans, equipment loans and real estate financing.


Alternative Small Business Funding in Oregon

While conventional lenders, such as the banks above, are often the go-to institutions for business loans. The truth is, there are other options available. 

For business owners who want near immediate access to capital, there are faster options. Online nonbank lenders are able to offer quick funding to a variety of applicants, including those with low credit scores. 

That said, these lenders typically charge higher interest rates, have shorter terms and more frequent repayment schedules than conventional lenders. Common alternative financing options include merchant cash advances and accounts receivable financing.  

In the end, borrowers need to understand the return on investment they’d get from a funding product to determine what’s best for their needs.

  • Applying for Oregon Business Loans Through Fast Capital 360

    Whether you’re seeking a merchant cash advance in Oregon or an SBA loan, we can help. 

    Here are just a few of the benefits you’ll experience:

    Speed

    A few minutes is all it takes to get started. Once you’re approved, you could receive funding as fast as the same day in some cases. 

    Multiple Offers

    Because we work with numerous partner lenders, you could receive multiple offers, whether for business loans in Portland, Oregon, Bend, Medford or another area in the state.

    Expert Guidance

    Connect with a Fast Capital 360 Business Advisor and review your funding options. Weigh your options and determine what’s best for your business. 

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Additional Resources for Rhode Island Entrepreneurs

In addition to loans guaranteed by the SBA and Oregon small business loans, grants are another consideration when you’re in search of business capital. What’s more, there are organizations throughout the state dedicated to offering assistance and support to entrepreneurs.

Office of Small Business Assistance

Whether you’re looking to open a new business or expand an existing one, the Oregon Office of Small Business Assistance can help. Participate in free online seminars or get connected to organizations that can provide technical assistance, advocacy, help with financing and more. Coaching and networking opportunities also are available.

Small Business Development Center

This nationwide organization has 19 centers in Oregon alone. It’s provided in part by the SBA and offers resources to help small business owners at varying stages of their entrepreneurial journey. Register for classes or workshops on topics that interest you or meet with an advisor for a free consultation.

SCORE

Since the 1960s, SCORE has been providing support to entrepreneurs. In Oregon, SCORE has offices in Portland, Corvallis, Eugene and Bend. Visit the organization’s online library, which offers a wealth of free information, including access to recorded seminars, document templates and informative articles. Volunteer mentors also are available for free business advice.

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