Small Business Lenders in Clackamas, Oregon

Local Clackamas Lenders

To assist you in finding a small business banker, here's our list of small business banks in Clackamas.

Other Lending Resources for Clackamas Businesses

This is a list of banks outside of Clackamas, Oregon that have provided SBA loans to Clackamas businesses. Some of these may be national banks with local branch locations.

Business Loan Advice for Clackamas Businesses

Before meeting with banks for a loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.

A well-defined business plan is essential. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list are SBA lenders. Prior to visiting local banks, you may want to read up on on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are new to our Gaebler.com site, you should know that we are devoted to helping small business owners, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Borrowing Money from Friends and Family.