Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Florence, Oregon

 
Loan Census SBA Loan Info

Small business loans in Florence, Oregon are available. You just need to talk to the right bank.

If you are hoping to get a small business loan and your business is based in Florence, Oregon, we've assembled a list of local small business banks that you should contact.

Local Florence Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Florence.

Small Business Bank Recent SBA Loans
Oregon Pacific Bank Co. D/b/a O 18
Oregon Pacific Banking CO  
Siuslaw Bank 2
State Farm Bank  
Sterling Savings Bank  
Washington Federal Savings  

Business Loan Providers for Florence Businesses

This is a list of banks outside of Florence, Oregon that have provided SBA loans to Florence businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
2
Pacific Continental Bank
Eugene, OR
3
U.S. Bank National Association
Cincinnati, OH
3
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Business Loan Advice for Florence Businesses

Before meeting with banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are new to our Gaebler.com site, you should know that we are devoted to providing advice to small business owners, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, one article that might be of interest to you is Getting a Small Business Loan.

Business Loan Sources for Other Cities in Oregon
Get a Business Loan in Eugene
Get a Business Loan in Forest Grove

Browse All Business Loan Sources for Oregon