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

Oakland, Oregon Small Business Loans

 
Loan Census SBA Loan Info

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

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

SBA Lenders for Oakland Businesses

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

Small Business Bank Recent SBA Loans
Superior Financial Group, LLC
Walnut Creek, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Umpqua Bank
Roseburg, OR
1

Oakland Bank Loan Tips

As a prerequisite 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 your ability to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 pledge 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 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 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

Invest the time to learn as much as you can about Raising Money. To get started, we suggest you read How Much Venture Capital Is There?.

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