If you are looking for a small business loan and your business is based in Oregon, Ohio, we've assembled a list of local small business banks that you should contact.
Local Oregon Business Lenders
Without further adieu, here's our list of small business banks in Oregon.
|Small Business Bank
||Recent SBA Loans
|Bay Area Credit Union
|Charter One Bank - Branch Locations- Oregon
|Fifth Third Bank - Suburban Banking Centers- Oregon
|First Federal Bank
Banks that Lend to Oregon Businesses
This is a list of banks outside of Oregon, Ohio that have provided SBA loans to Oregon businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Oregon Businesses
Before contacting banks to discuss getting a bank 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, define how the money will be used, and show how you plan to pay the loan back to the bank.
A well-defined business plan is is critically important. If the capital is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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, you will likely be asked to pledge 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the 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 serious about Raising
Money, you need to educate yourself. If you haven't read it
already, we recommend you review
Getting a Small Business Loan.
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