GoSBA’s Top 50 Oregon SBA Lenders in 2024
Overview of SBA Loans in Oregon
Oregon, with a population of approximately 4.3 million people, has a diverse and growing economy supported by industries such as technology, manufacturing, healthcare, and agriculture. The state is known for its entrepreneurial spirit, with many small businesses thriving across various sectors. With major cities like Portland, Eugene, and Salem, Oregon provides an excellent environment for businesses to grow and succeed.
Popular industries in Oregon include technology, healthcare, manufacturing, agriculture, and tourism. In FY 2024, Oregon SBA loan providers funded 2,100 businesses, with a total loan volume of $1.6 billion. Oregon also has a vibrant entrepreneurial community, with many women-owned businesses making significant contributions to the state’s economic growth.
Finding the Best Oregon SBA Loans
Finding the best and most affordable business loans can be challenging, but we make it easier by comparing all the top SBA lenders in Oregon for you. GoSBA Loans helps businesses secure the financing they need to grow—whether for purchasing equipment, refinancing high-interest loans, acquiring commercial property, or financing business improvements. After reading our analysis, click “Apply Now” to let us match you with the best SBA loan providers in Oregon.
Challenges in Accessing SBA Loans in Oregon
A significant challenge for small businesses in Oregon is gaining access to affordable financing. The top SBA lenders in the state include major financial institutions like Umpqua Bank, KeyBank, Wells Fargo, Summit Bank, U.S. Bank, Columbia State Bank, Bank of the West, OnPoint Community Credit Union, First Interstate Bank, and Pacific West Bank. These ten lenders funded 1,200 businesses in Oregon, with a combined loan volume of $1.3 billion. However, just because these lenders are popular does not mean they are the best fit for every business type. Many small businesses may find better success with specialized SBA lenders.
How GoSBA Loans Helps Oregon Small Businesses
At GoSBA Loans, we understand the struggle of finding the best and most affordable SBA loans for your business. Our unique approach circulates your loan application to 30 of the top 100 SBA lenders in Oregon, increasing your chances of approval. We make lending for small businesses easier, faster, and more affordable. Below is our official ranking of the top 50 Oregon SBA lenders in 2024.
Top 50 Oregon SBA Lenders in 2024
| Bank Name | Sum of Term in Months | Amount Funded | Loans Funded | Average Initial Interest Rate |
|---|---|---|---|---|
| Readycap Lending, LLC | $5,777 | $22,575,800 | 38 | 13.49% |
| Live Oak Banking Company | $2,298 | $17,683,000 | 16 | 9.82% |
| Banc of California | $2,239 | $14,186,400 | 8 | 8.34% |
| Newtek Bank, National Association | $3,659 | $13,357,500 | 29 | 11.74% |
| U.S. Bank, National Association | $11,798 | $12,934,400 | 125 | 10.00% |
| Celtic Bank Corporation | $2,433 | $11,356,000 | 14 | 11.18% |
| Umpqua Bank | $22,866 | $9,925,900 | 189 | 13.45% |
| Open Bank | $720 | $9,770,000 | 3 | 10.08% |
| Wells Fargo Bank, National Association | $4,808 | $9,565,000 | 34 | 12.22% |
| JPMorgan Chase Bank, National Association | $2,664 | $7,730,800 | 21 | 11.99% |
| Banner Bank | $5,332 | $6,780,000 | 47 | 10.03% |
| First Bank of the Lake | $924 | $6,632,500 | 6 | 11.46% |
| Harvest Small Business Finance, LLC | $1,806 | $5,693,600 | 6 | 11.13% |
| Cadence Bank | $1,800 | $4,905,000 | 15 | 11.25% |
| BayFirst National Bank | $3,240 | $4,901,600 | 27 | 13.01% |
| Bank of Hope | $300 | $4,569,500 | 1 | 9.75% |
| Washington Trust Bank | $906 | $4,485,500 | 6 | 10.08% |
| Pathward National Association | $480 | $4,465,000 | 4 | 10.63% |
| Fund-Ex Solutions Group, LLC | $120 | $3,775,000 | 1 | 11.50% |
| Enterprise Bank & Trust | $600 | $3,452,900 | 2 | 10.25% |
| The Huntington National Bank | $1,860 | $3,424,000 | 14 | 10.86% |
| First Interstate Bank | $1,092 | $3,400,500 | 7 | 9.56% |
| Exos Small Business Lending LLC | $120 | $3,400,000 | 1 | 11.50% |
| Summit Bank | $720 | $3,208,600 | 6 | 11.54% |
| T Bank, National Association | $246 | $2,965,600 | 2 | 11.13% |
| United Midwest Savings Bank, National Association | $1,140 | $2,924,000 | 8 | 11.16% |
| Plumas Bank | $426 | $2,894,900 | 2 | 8.25% |
| KeyBank National Association | $3,288 | $2,854,900 | 29 | 12.10% |
| US Metro Bank | $300 | $2,790,000 | 1 | 10.00% |
| Northwest Bank | $660 | $2,737,000 | 4 | 11.19% |
| Meridian Bank | $240 | $2,500,000 | 2 | 10.75% |
| Heritage Bank | $504 | $2,480,000 | 5 | 9.65% |
| Stone Bank | $312 | $1,575,000 | 1 | 11.00% |
| First Internet Bank of Indiana | $540 | $1,365,000 | 3 | 11.25% |
| Northeast Bank | $1,440 | $1,321,400 | 12 | 11.25% |
| Gesa CU | $540 | $1,235,300 | 3 | 10.58% |
| 1st Security Bank of Washington | $1,440 | $1,127,500 | 12 | 12.00% |
| Peoples Bank of Commerce | $420 | $1,108,500 | 2 | 13.00% |
| First-Citizens Bank & Trust Company | $120 | $1,067,000 | 1 | 8.55% |
| First Bank | $120 | $1,000,000 | 1 | 11.25% |
| Stearns Bank National Association | $546 | $990,200 | 3 | 11.25% |
| BMO Bank National Association | $180 | $985,000 | 1 | 7.78% |
| First Commonwealth Bank | $240 | $971,100 | 2 | 11.25% |
| Native American Bank, National Association | $120 | $950,000 | 1 | 9.00% |
| Integro Bank | $120 | $886,000 | 1 | 11.00% |
| Busey Bank | $120 | $870,000 | 1 | 11.00% |
| Gulf Coast Bank and Trust Company | $242 | $800,000 | 2 | 10.88% |
| FWBank | $120 | $720,000 | 1 | 10.50% |
| Citizens Bank | $424 | $701,300 | 2 | 11.38% |
| First Chatham Bank | $240 | $645,000 | 2 | 11.00% |
Leading Oregon SBA Lenders by Loan Volume
Analyzing the table above, Umpqua Bank leads the way in Oregon with the highest loan volume, funding over $9.92 million across 189 loans. This positions Umpqua Bank as a strong choice for businesses looking for substantial financing in Oregon.
Top SBA Lenders by Number of Loans Funded
When it comes to the number of loans funded, U.S. Bank, National Association takes the lead with 125 loans totaling over $12.93 million. This makes U.S. Bank highly active in the SBA lending market and a reliable choice for small business owners seeking an experienced lender.
Other Notable SBA Lenders in Oregon
KeyBank and Wells Fargo are also significant players in the Oregon SBA lending market. KeyBank funded numerous loans totaling a substantial amount, while Wells Fargo funded 34 loans with a loan volume of $9.57 million. These institutions are ideal for small business owners seeking moderate-sized loans from established lenders.
For businesses looking for smaller loans, institutions like OnPoint Community Credit Union, First Interstate Bank, and Rogue Credit Union provide various options. Their focus on smaller loan amounts makes them suitable for startups and small businesses needing accessible financing.
Why Choose GoSBA Loans for SBA Loans in Oregon?
Partnering with GoSBA Loans provides applicants with access to a wide array of SBA lenders in Oregon. We help match you with the lender that suits your business needs, taking into account loan amounts, approval criteria, and loan terms. By working with us, you’ll gain access to a network of lenders, ensuring that your application reaches the right banks at the right time, ultimately increasing your likelihood of success.
Benefits of SBA Loans for Oregon Small Businesses
Whether you’re a new startup or an established small business, securing an SBA loan can help you expand operations, purchase equipment, or boost working capital. Oregon’s diverse economic base and supportive entrepreneurial ecosystem provide a unique opportunity for small business owners to succeed, and we’re here to help you every step of the way.
Ready to Apply for an SBA Loan in Oregon?
If you’re ready to find the best SBA lenders in Oregon, contact us to begin your journey. Our team at GoSBA Loans is committed to helping your small business secure the financing it needs to grow and thrive in 2024 and beyond.
