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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Prineville, Oregon

 
Loan Census SBA Loan Info

Small business loans in Prineville, Oregon are available. You just need to talk to the right bank.

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

Local Prineville Lenders

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

Small Business Bank Recent SBA Loans
Bank of the Cascades - Prineville Branch  
Community First Bank 3
U S Bank - Branch Offices- Prineville- Prineville Office  
Washington Mutual - Bank Locations- Prineville  
Wells Fargo Bank  

Lenders for Prineville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of The Cascades
Bend, OR
2
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Long Beach, CA
1
Frontier Bank
Bainbridge Island, WA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Superior Financial Group, LLC
Walnut Creek, CA
1
U.S. Bank National Association
Cincinnati, OH
7
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
3
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Prineville

As a prerequisite to contacting banks 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, 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 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 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 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 meeting with the 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.

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If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Find Start-Up Capital.

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