Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Salem, Oregon

 
Loan Census SBA Loan Info

Getting a business loan in Salem, Oregon seems challenging at first, but we're here to help you get started.

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

Local Salem Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Salem.

Small Business Bank Recent SBA Loans
Bank of Salem  
Bank of the Cascades - Downtown Branch  
Bank of the Cascades - South Salem Branch  
Bank of the Cascades - West Salem Branch  
Bank of the West  
Central Willamette Community Credit Union  
Commercial Bank  
Farm Credit Services  
Homestreet Bank - Branches- Salem  
Keybank  
Lancaster Mall Shopping Center - U S Bank Center & LANC  
Oregon Employees Federal Credit Union  
Pioneer Trust Bank - Main Office  
Pioneer Trust Bank - Medical Center Office  
U S Bank - Branch Offices- Salem- Center-Lancaster Office  
U S Bank - Branch Offices- Salem- Ladd & Bush Office  
U S Bank - Branch Offices- Salem- North Salem Office  
U S Bank - Branch Offices- Salem- Silverton & Lancaster Office  
U S Bank - Branch Offices- Salem- South Salem Office  
U S Bank - Branch Offices- Salem- Sunnyslope Office  
U S Bank - Branch Offices- Salem- University Office  
U S Bank - Branch Offices- Salem- West Salem Office  
U S Bank - Subsidiaries & Divisions  
Umpqua Bank 4
Valley Health & Postal Employees Credit Union  
Washington Federal Savings - North Salem  
Washington Federal Savings - Salem  
Washington Federal Savings - West Salem  
Washington Mutual - Bank Locations- Salem- Downtown  
Washington Mutual - Bank Locations- Salem- East Salem  
Washington Mutual - Bank Locations- Salem- Hawthorne & State  
Washington Mutual - Bank Locations- Salem- Keizer  
Washington Mutual - Bank Locations- Salem- North Salem  
Washington Mutual - Bank Locations- Salem- South Commercial  
Washington Mutual - Bank Locations- Salem- South Salem  
Washington Mutual - Bank Locations- Salem- West Salem  
Washington Mutual - Home Loan Centers- Salem  
Washington Mutual-Construction Lending  
Washington Mutual-Financial Center  
Wells Fargo Bank  
Wells Fargo Financial  
Wells Fargo Home Mortgage  
West Coast Bank 1
Willamette Valley Bank  
World Savings  

Banks that Lend to Salem Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
21
Bank Of The Cascades
Bend, OR
11
Bank Of The West
Truckee, CA
1
Bbva Bancomer Usa
Diamond Bar, CA
1
Borrego Springs Bank
Borrego Springs, CA
1
Branch Bank & Trust
Winston Salem, NC
1
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
Sacramento, CA
3
Capital One
Mclean, VA
17
Capital One Bank (usa)
Glen Allen, VA
2
Cit Small Business Lending Corp
Livingston, NJ
12
Comerica Bank
Dallas, TX
4
Ge Cap. Small Business Finan Corp
St. Louis, MO
4
Innovative Bank
Oakland, CA
1
Key Direct, A Branch Of
Brooklyn, OH
1
Keybank National Association
Cleveland, OH
13
Pacific Continental Bank
Eugene, OR
4
Silver State Bank
Henderson, NV
2
U.S. Bank National Association
Cincinnati, OH
90
U.S. Bank National Association
San Diego, CA
2
Umpqua Bank
Eugene, OR
3
Wachovia SBA Lending, Inc.
Roseville, CA
2
Washington Mutual Bank
Henderson, NV
10
Washington Mutual Bank
Salt Lake City, UT
1
Wells Fargo Bank
San Jose, CA
16
Wells Fargo Bank
Sioux Falls, SD
8
West Coast Bank
Lake Oswego, OR
3
West Coast Bank
Wilsonville, OR
12

Business Loan Advice for Salem Businesses

Before contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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

Having a business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 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 planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Angel Investors.

Business Loan Sources for Other Cities in Oregon
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Get a Business Loan in Sandy

Browse All Business Loan Sources for Oregon