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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Dayton, Oregon

 
Loan Census SBA Loan Info

I need a loan for my business in Dayton, Oregon! If that's what's on your mind, you've come to the right place.

This article is written specifically for entrepreneurs in Dayton, Oregon who are interested in getting debt financing.

Other Lending Resources for Dayton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Capital One
Mclean, VA
1
U.S. Bank National Association
Cincinnati, OH
2

Tips for Getting a Business Loan in Dayton

Prior to contacting lenders for a 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 how you plan to pay the loan back to the lender.

A well-defined business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to secure 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 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read How Equity Dilution Works.

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