Top Oregon SBA Lenders | SBA Loans in OR

Last update: Mar 2, 2024

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Biggest names in banks were among the largest lenders to “The Beaver State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Oregon:

Top SBA lenders in Oregon

State RankBankBank HQs # of LoansAvg Interest Avg Loan
1U.S. BankCincinnati, OH 1469.5% $144,695
2Umpqua BankRoseburg, OR 8311.1% $289,919
3KeyBankCleveland, OH 3611.8% $209,564
4Wells FargoSioux Falls, SD 3011.3% $308,743
5Banner BankWalla Walla, WA 279.2% $173,485
6BayFirst National BankSaint Petersburg, FL 2212.0% $163,527
7Live OakWilmington, NC 189.5% $1,691,389
8Huntington BankColumbus, OH 1510.0% $825,113
9JPMorgan Chase BankColumbus, OH 1511.6% $197,333
10BancorpSouth BankTupelo, MS 1410.8% $321,836
11Readycap Lending, LLCBerkeley Heights, NJ 1311.0% $843,269
12Summit BankEugene, OR 1010.6% $2,082,640
13United Midwest Savings BankDe Graff, OH 1010.5% $912,200
14BMO BankChicago, IL 98.9% $470,511
15First Interstate BankBillings, MT 99.3% $417,889
16Banc of CaliforniaLos Angeles, CA 88.1% $1,196,875
17Newtek Small Business FinanceLake Success, NY 812.4% $292,525
18Washington Trust BankSpokane, WA 811.4% $418,500
19Bank of AmericaCharlotte, NC 68.4% $538,667
20Celtic BankSalt Lake City, UT 610.5% $1,118,333

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Top industries receiving SBA loans in Oregon

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Residential Remodelers2810.1% $45,864
2Full-Service Restaurants2410.3% $273,975
3Limited-Service Restaurants1610.7% $338,081
4Electrical Contractors129.5% $489,283
5Plumbing, Heating, and Air-Conditioning Contractors1210.8% $248,583
6Administrative Management and General Management Consulting Services1210.8% $593,058
7All Other Specialty Trade Contractors119.5% $1,042,400
8New Single-Family Housing Construction (except Operative Builders)911.2% $101,111
9Mobile Food Services99.9% $43,422
10Snack and Nonalcoholic Beverage Bars810.4% $209,800
11Pet Care (except Veterinary) Services810.7% $105,275
12Child Day Care Services89.1% $437,700
13Beauty Salons711.6% $141,314
14Fitness and Recreational Sports Centers79.2% $1,028,071
15Automotive Body, Paint, and Interior Repair and Maintenance710.3% $359,714
16Site Preparation Contractors710.0% $32,229
17Insurance Agencies and Brokerages79.3% $419,543
18All Other Professional, Scientific, and Technical Services69.7% $667,100
19Other Personal Care Services610.3% $221,333
20Other Accounting Services611.9% $277,933

SBA loans – Oregon

A note about these Oregon SBA lenders – People frequently ask us if one of the banks above is 1) on the Oregon preferred lender list 2) an approved lender in Oregon, or 3) participating in the Oregon SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Oregon and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Oregon, Bend, and Portland.

We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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