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

Klamath Falls, Oregon Business Loan

 
Loan Census SBA Loan Info

Raising money in Klamath Falls, Oregon? If so, you'll want to talk to some of these small business lenders in Klamath Falls.

This article is written specifically for small business owners in Klamath Falls, Oregon who are interested in getting debt financing.

Local Klamath Falls Lending Resources

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

Small Business Bank Recent SBA Loans
Approved Payroll Advance  
Coldwell Banker Holman Premier Realty Inc  
Farm Credit Services  
Highland Community Federal Credit Union  
Klamath First  
Klamath Public Employees Federal Credit Union  
South Valley Bank & Trust 7
Sterling Savings Bank  
U S Bank  
Washington Mutual - Bank Locations- Klamath Falls- Shasta Way  
Washington Mutual - Bank Locations- Klamath Falls- South Sixth Street  
Washington Mutual-Financial Center  
Waterstone Mortgage  
Wells Fargo Bank NA - Branch Offices- Klamath Falls  
Wells Fargo Home Mortgage  

Lenders for Klamath Falls Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
8
Cit Small Business Lending Corp
Livingston, NJ
7
Comerica Bank
Dallas, TX
1
Keybank National Association
Cleveland, OH
1
Sterling Savings Bank
Spokane, WA
1
U.S. Bank National Association
Cincinnati, OH
16
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
6

Klamath Falls Business Loan Advice

Before reaching out to lenders 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for an existing 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 secure the business 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework 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 learn as much as you can. If you haven't read it already, we recommend you review Choosing VC Firms.

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