We wrote this article for entrepreneurs in Medford, Oregon who are interested in getting debt financing.
Local Medford Lenders
Without further adieu, here's our list of small business banks in Medford.
Small Business Bank |
Recent SBA Loans |
AFS Brokerage Inc |
|
Bank of Cascades |
|
Evergreen Federal Bank |
|
Keybank - Keycenters- Black Oak |
|
Keybank - Keycenters- Downtown Medford |
|
Keybank - Keycenters- East Medford |
|
Klamath First |
|
Libertybank |
1 |
Mortgage Wells Fargo Home |
|
PAC First Mortgage |
|
People's Bank Of Commerce |
156 |
Premierwest Bank |
|
South Valley Bank & Trust |
2 |
Sterling Savings Bank |
|
U S Bank - Branch Offices- Medford- Barnett & Phoenix Albertsons Of |
|
U S Bank - Branch Offices- Medford- Jacksonville & Ross Albertsons Of |
|
U S Bank - Branch Offices- Medford- Medford Office |
|
U S Bank - Branch Offices- Medford- North Medford Office |
|
U S Bank - Branch Offices- Medford- Rogue Valley Manor Office |
|
U S Bank - Branch Offices- Medford- South Medford Office |
|
U S Bank - Subsidiaries & Divisions- Investment |
|
U S Bank - Subsidiaries & Divisions- Private Trust & Management |
|
Umpqua Bank - Medford |
|
Washington Mutual Bank |
102 |
Wells Fargo Bank NA |
|
Wells Fargo Home Mortgage |
|
Western Bank - Medford- Crater Branch |
|
Western Bank - Medford- Downtown Medford Branch |
|
Western Bank - Medford- North Medford Branch |
|
Other Lending Resources for Medford Businesses
This is a list of banks outside of Medford, Oregon that have provided SBA loans to Medford businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
19 |
Bank Of The Cascades
Bend, OR |
2 |
Bank Of The West
Truckee, CA |
1 |
Borrego Springs Bank
Borrego Springs, CA |
2 |
Capital One
Mclean, VA |
14 |
Capital One Bank (usa)
Glen Allen, VA |
1 |
Cit Small Business Lending Corp
Golden, CO |
1 |
Cit Small Business Lending Corp
Livingston, NJ |
14 |
Comerica Bank
Dallas, TX |
2 |
Community W. Bank
Goleta, CA |
1 |
Ge Cap. Small Business Finan Corp
St. Louis, MO |
1 |
Innovative Bank
Oakland, CA |
2 |
Keybank National Association
Cleveland, OH |
7 |
Mission Valley Bank
Sun Valley, CA |
1 |
Pacific Continental Bank
Eugene, OR |
1 |
Small Business Loan Source LLC
Houston, TX |
1 |
South Valley Bank & Trust
Klamath Falls, OR |
2 |
Textron Business Credit, Inc.
Providence, RI |
1 |
U.S. Bank National Association
Cincinnati, OH |
20 |
U.S. Bank National Association
San Diego, CA |
1 |
Umpqua Bank
Roseburg, OR |
3 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Washington Mutual Bank
Henderson, NV |
13 |
Wells Fargo Bank
Anchorage, AK |
1 |
Wells Fargo Bank
San Jose, CA |
16 |
Wells Fargo Bank
Sioux Falls, SD |
4 |
West Coast Bank
Lake Oswego, OR |
1 |
Medford Business Loan Advice
Before meeting with banks for a loan, you will need to develop the specifics of your loan request.
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 intend to to pay the loan back to the bank.
A well-defined business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to secure the loan. Collateral is relevant because banks always
want to be prepared for a worst-case scenario in which you cannot repay the loan.
If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to get up to speed 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 serious about Raising
Money, you need to get up to speed on the subject. If you haven't read it
already, we recommend you review
504 Loans.
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