Small Business Loans in Oregon

Ready to find success and secure a small business loan? You're in the right place! Our in-house research team of finance experts has compiled this most comprehensive list of business loans for you to find the best option for you. Bad credit and startups acceptable when meeting specific qualifications.

10 Small Business Loans in Oregon

Our analysis offers an in-depth look at small business financing in Orgeon, grounded in data that's been independently confirmed. We've organized lenders by the volume of small business loans they've issued over the current year.

In essence, we're spotlighting the banks and lending institutions that are genuinely committed to providing the most financial support to small businesses in the state.

(This differs from many other publications, which tend to concentrate on nonprofits with minimal lending activity or government initiatives that are out of reach for numerous businesses.)

Takeaway: Big banks do the majority of small business lending in Oregon. 

Methodology: Our examination is based on data from SBA 7a loans, indicating that every lender mentioned in this article offers SBA loans. Moreover, we've compiled information on various other small business loan options that are shown on their websites.

Please note that conventional banks typically enforce stringent borrowing conditions, demanding strong credit ratings and at least two years of business operation. To bridge this divide, we've positioned two alternative financing options at the start of our list, aiming to support small business proprietors with less-than-ideal credit or those who are navigating the initial phases of their enterprise.

1. Credit Suite

Credit Suite specializes in providing business credit advice and software solutions, along with two cutting-edge alternative financing methods.

Their Cash Flow Financing is suited for entrepreneurs who have been in the game for a while but have more lenient requirements for credit scores. This option allows you to leverage your business's ongoing cash flow to secure flexible financing, with repayments being a fraction of that cash flow, rather than fixed monthly amounts.

Additionally, the Credit Line Hybrid is designed to offer finance based purely on your personal credit score, bypassing the need for extensive financial records, bank statements, or business strategies.

Especially aimed at emerging startups and entrepreneurs, this financing solution offers amounts between $5,000 and $150,000. It's an ideal choice for newer ventures, especially those less than two years into their operation.

Business financing options offered:

  • Credit Suite Cash Flow Financing

  • Credit Suite Credit Line Hybrid

2. Umpqua Bank

Umpqua Bank is Oregon’s biggest SBA loan lender, and it’s no surprise. They were founded in Portland and have a robust presence throughout the state.

If you’re looking for a small business lender with a strong retail presence, consider Umpqua.

Business financing options offered:

  • SBA Loans

  • Real Estate Loans

  • Vehicle Loans

  • Term Loans

  • Equipment Loans

  • Expresslines of Credit

3. US Bank

US Bank, a major national bank, provides an extensive range of business financing options. With a broad network of branches, it's a common fixture in many communities. In Oregon, they stand out as a leading provider of SBA loans, trailing only behind Umpqua Bank in terms of the quantity of loans issued. 

Business financing options offered:

  • US Bank Quick Loan

  • Business Term Loan

  • Commercial Real Estate Loan

  • Equipment Financing

  • SBA Loans

  • Dental, Medical, and Vet Practice Loans

  • Business Line of Credit

  • Manage Cash Flow

  • Business Equity Line of Credit

  • Business Reserve Line

  • 4 Business Credit Cards

4. KeyBank

KeyBank, a moderately-sized financial institution, operates across 15 states and offers a solid selection of loans tailored for small businesses. On their website, they highlight a commitment to diversity and inclusion, showcasing the recognition and awards they've received for their efforts in this sphere. If this is important to you, they emphasize this aspect quite a bit.

Business financing options offered:

  • Business Term Loans
  • Business Real Estate Borrowing
  • Small Business Lines of Credit
  • SBA Loans
  • Key Equipment Financing
  • 3 business credit cards

5. Wells Fargo Bank

Wells Fargo, a significant national banking entity, is likely a familiar presence in your community. Despite its size, it's somewhat unexpected that their range of small business financing options is relatively limited. 

However, their prominent placement on this list is attributed to the substantial volume of loans they consistently process and approve. 

Business financing options offered:

  • SBA 7a Loans & 504 Loans

  • 2 Business Lines of Credit

  • Practice Financing

6. Banner Bank

Banner Bank has a few interesting and different business loan offerings. This includes the QuickStep Loans. They represent a streamlined application and underwriting process for faster approval, from $5,000 to $1,000,000 in financing.

Business financing options offered:

  • SBA Loans

  • Business Lines of Credit

  • QuickStep Loans

  • Equipment and Term Loans

  • Owner-Occupied Real Estate Loans

  • Agricultural Lending

  • Merger and Acquisition Financing

  • Commercial Real Estate Loans

7. The Huntington National Bank

Huntington National Bank stands out not just as a top provider of loans to small businesses in Oregon but also as the premier issuer of SBA 7a loans across the United States.

Such an accomplishment secures them a position among the top 10 lenders in nearly all states, showcasing their commitment to fostering small business growth.

In addition to SBA loans, Huntington offers a comprehensive suite of financial services for small businesses, encompassing equipment leasing, agricultural financing, and diverse real estate loan offerings.

Business financing options offered:

  • SBA 7a Loans

  • Equipment Leasing

  • Church Lending

  • Greek House Financing

  • Agricultural Loans

  • Warehouse Lending

  • Real Estate Loans, Term Loans, and Lines of Credit

8. Live Oak Banking Company

Live Oak is heavily involved in SBA lending across the nation. While their website might not provide extensive details on their range of loan services, they invest significant effort into grasping the specific sectors their clients operate in.

On their site, they highlight their expertise in 48 distinct industries, asserting that they offer specialized financing solutions tailored to each sector.

Business financing options offered:

  • SBA Loans

  • USDA Loans

  • Industry Vertical Loans

9. JPMorgan Chase Bank

Chase Bank, being among the largest banks nationwide, naturally plays a significant role in providing small business loans in Oregon.

It's well-known among small business owners, particularly for its highly sought-after business credit cards, which come with attractive rewards programs. Chase has collaborated with major airlines and hotel chains to enhance the benefits and rewards available through many of their credit cards.

Business financing options offered:

  • 2 Business lines of credit
  • 3 Business loans
  • Commercial real estate financing
  • 4 business credit cards, plus 6 co-branded airline/hotel cards

10. BayFirst National Bank

BayFirst National specializes in SBA loans, as prominently featured on their website with slogans such as "Lightning Fast Business Loans!" and "In-house team, quick funding." Their standout feature is their internal underwriting team, ensuring rapid processing and deep expertise.

Given the typically lengthy timeline associated with securing SBA loans, BayFirst National's ability to expedite this process is a significant benefit.

Business financing options offered:

  • Commercial Real Estate Loans

  • Commercial Term Loans

  • Commercial Lines of Credit

  • Construction Loans

  • Heavy Equipment Financing

How to apply for a small business loan in Oregon 

Getting your small business funded doesn't have to be overwhelming, regardless of how many steps may be involved. Let the leading business guides at Credit Suite help you along the way!