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

Monmouth, Oregon Business Loan

 
Loan Census SBA Loan Info

Looking for a Monmouth, Oregon small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for small business proprietors in Monmouth, Oregon who are interested in getting a bank loan.

Local Monmouth Lenders

Without further adieu, here's our list of small business banks in Monmouth.

Small Business Bank Recent SBA Loans
Oregon First Community Credit Union  
U S Bank - Branch Offices- Monmouth- Monmouth Office  
Washington Federal Savings - Monmouth  
West Coast Bank - Other Communities- Monmouth Branch  

Other Lending Resources for Monmouth Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
Keybank National Association
Cleveland, OH
2
U.S. Bank National Association
Cincinnati, OH
3
West Coast Bank
Lake Oswego, OR
1
West Coast Bank
Wilsonville, OR
1

Monmouth Business Loan Advice

Prior to reaching out to banks for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the bank loan is to for a company that is already doing business, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 the banks in our list are SBA lenders. Before meeting with the banker, you may want to read up on 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 all about supporting entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Oregon
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