Small Business Lenders Portland OR

The following article talks about small business loans. It discusses loan aquisition and what they should be used for.

Local Companies

Fernleaf Financial Group
800-369-3214
1816 N.E. 37th
Portland, OR
Aequitas Capital Management
(503) 419-3500
5300 Meadows Road
Lake Oswego, OR
Bank of the West
503-209-5630
7130 NE Corenll Rd
Hillsboro, OR
Mountain Capital LLC
503-939-1056
6903 SW Cedar Pointe Dr
Wilsonville, OR
Washington Federal Savings
(503) 639-6641
14990 Bangy Rd
Portland, OR
Lending Resources
(503) 452-1333
10250 SW Greenburg Rd
Portland, OR
Bank of the West
(503) 653-0443
11050 SE McLoughlin Blvd
Portland, OR
Washington Federal Savings
(503) 226-1300
127 SW Salmon St
Portland, OR
Washington Mutual
(503) 294-4400
825 SW 5th Ave
Portland, OR
Bank of America
(503) 275-1301
3967 NE Sandy Blvd
Portland, OR

With this, the SBA has appointed a list of a few thousand lending partners in every state to extend this facility to the general public. Of course, borrowers are still required to submit full-fledge loan application proposals to the lender with the difference being that the SBA is the guarantor for such loans. This typically means that if the borrower defaults than the risk of non-repayment will fall upon the SBA, as they will then be responsible for repaying the loan.

Additionally, the criteria set forth for small business loans make 90% of all businesses qualified applicants for these loans. Apart from that, businesses are not burdened with balloon payments and high interest rates, which would otherwise be offered by any other commercial lender. Furthermore, fixed rate loans and variable loans are available to business owners. Therefore, business owners have more options in deciding the type of loan that would be suited for their business.

The purposes of acquiring a small business loan are varied according to the situation of the business. Small business owners may obtain loans to purchase real estate for business expansion purposes, to provide cash flow to support a large project, to lease machinery to operate a business, to utilize as working capital or to purchase inventory. Whatever the reason may be, business loans are evaluated an approved by these micro lenders after thorough evaluation of the business background, viability and purpose. The only difference is that through the support of the SBA, they are more willing to give out loans, as their risk is minimal with repayments guaranteed by a government agency.

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Featured Local Company

Fernleaf Financial Group

800-369-3214
1816 N.E. 37th
Portland, OR
http://www.fernleaffinancial.com