Best Oregon SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Oregon
SBA Loans in Oregon
Oregon businesses received $514.9M in SBA 7(a) loan approvals across 1,230 businesses in 2025, supporting 10,194 jobs. With 92 active SBA lenders competing for business in Oregon, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Oregon is $419K at 10.7%, which is 0.38% above the national average of 10.32%. The top lender in Oregon is U.S. Bank, National Association, with the most-funded industry being Plumbing, Heating, and Air-Conditioning Contractors.
SBA Loans in Oregon by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Oregon, here’s how SBA lending breaks down:
Startups represent 10% of Oregon SBA loans (95 loans totaling $52.5M). Business acquisitions (change of ownership) account for 23% (90 loans, $116.1M). Existing businesses make up the largest share at 53% (871 loans). If you’re buying a business in Oregon, acquisitions are a well-established use case for SBA 7(a) loans.
Oregon vs. National Average
How does Oregon’s SBA lending market compare to the national average in 2025?
Oregon10.7%
National Avg10.32%
Oregon’s avg rate is 0.38% higher than the national average
Oregon$419K
National Avg$478K
Oregon’s avg loan is 0.9x the national average
A rate higher than the national average of 10.32% is significant context for Oregon borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in Oregon (2025 Data)
The table below ranks every SBA 7(a) lender active in Oregon in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | U.S. Bank, National Association | $41.4M | 173 | 10.39% |
| 2 | Banc of California | $34.7M | 15 | 7.35% |
| 3 | Readycap Lending, LLC | $34.6M | 44 | 11.9% |
| 4 | Newtek Bank, National Association | $30.1M | 60 | 11% |
| 5 | Live Oak Banking Company | $26.6M | 30 | 9.59% |
| 6 | Celtic Bank Corporation | $21.8M | 27 | 10.19% |
| 7 | Wells Fargo Bank National Association | $20.9M | 34 | 9.65% |
| 8 | KeyBank National Association | $19.6M | 46 | 10.34% |
| 9 | Banner Bank | $15.9M | 57 | 9.17% |
| 10 | Northeast Bank | $15.5M | 111 | 10.89% |
| 11 | Columbia Bank | $15.4M | 242 | 12.35% |
| 12 | FFB Bank | $13.8M | 5 | 10% |
| 13 | PCB Bank | $12.4M | 3 | 8.67% |
| 14 | The Huntington National Bank | $10.5M | 22 | 9.73% |
| 15 | Port 51 Lending LLC | $10.2M | 7 | 9.79% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in Oregon have funded the most deals locally, meaning their loan officers understand Oregon’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both Oregon-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in Oregon
One 5-minute application. 92 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Oregon
SBA lending in Oregon reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Oregon in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Plumbing, Heating, and Air-Conditioning Contractors | 29 | $18.5M |
| Hotels (except Casino Hotels) and Motels | 10 | $18.2M |
| Full-Service Restaurants | 51 | $17.6M |
| Limited-Service Restaurants | 28 | $13.1M |
| Homes for the Elderly | 7 | $11.3M |
| Cut Stock, Resawing Lumber, and Planning | 2 | $10.0M |
| General Automotive Repair | 24 | $7.5M |
| Fitness and Recreational Sports Centers | 22 | $7.3M |
| Administrative Management and General Management Consulting Services | 15 | $6.9M |
| Child Day Care Services | 8 | $6.6M |
| Used Household and Office Goods Moving | 4 | $6.4M |
| Supermarkets and Other Grocery (except Convenience) Stores | 5 | $6.3M |
| Residential Remodelers | 51 | $6.3M |
| All Other Specialty Trade Contractors | 18 | $6.2M |
| Insurance Agencies and Brokerages | 14 | $6.2M |
If your business operates in one of Oregon’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in Oregon
SBA lending activity within Oregon is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Oregon the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Portland | 254 | $135.4M |
| Eugene | 49 | $26.4M |
| Bend | 69 | $23.1M |
| Salem | 54 | $19.5M |
| Beaverton | 49 | $18.8M |
| Hillsboro | 31 | $13.5M |
| Tualatin | 13 | $11.8M |
| Cottage Grove | 4 | $11.7M |
| Medford | 27 | $11.3M |
| Springfield | 28 | $10.2M |
How to Get an SBA Loan in Oregon
Option 1: Apply directly to one of the top Oregon lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Oregon-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in Oregon in 2025?
What is the average SBA loan interest rate in Oregon?
Can I get an SBA loan to start a business in Oregon?
Who is the top SBA lender in Oregon?
What industries get the most SBA loans in Oregon?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
