Oregon
Business Loans in Oregon
Oregon businesses borrow from banks, credit unions, SBA lenders and non-bank lenders, and Business Oregon, the state's economic development agency, insures part of some of those loans and lends directly through its own funds. Sagamore, a commercial loan broker, matches established Oregon businesses with lenders for lines of credit, term loans, SBA loans and equipment financing.
Written by Jordan Levy, Founder & CEO · Last updated
State law
Does Oregon require business loan disclosures?
No. Oregon has no commercial financing disclosure law, and the federal Truth in Lending Act does not cover credit for business purposes. What you receive is the lender's offer and contract, so before you sign, get these in writing:
- The total amount financed, and the amount you actually receive after fees or payoffs
- The total you will repay
- How much each payment is, how often it is due and how it is collected
- Every fee, including origination, draw, late and returned-payment fees
- What paying off early costs or saves
- Any collateral, lien or personal guarantee the lender takes
At a glance
- State disclosure law
- None
- Federal Truth in Lending Act
- Consumer credit only
- What governs the deal
- Your contract
SBA
Where are the SBA offices in Oregon?
The SBA doesn't lend directly. Banks, credit unions and other SBA-approved lenders make 7(a) and 504 loans, and the SBA guarantees part of each one. District offices connect businesses with counseling, training and local lenders.
Eastern Oregon is the exception: its six easternmost counties are served by the SBA's Boise District Office, not Portland.
How SBA loans work2 locations
- PortlandPortland District Office30 Oregon counties and 4 in southwest Washington; by appointment
- Boise, IdahoBoise District OfficeThe six easternmost Oregon counties
State programs
What state loan programs does Oregon offer?
Business Oregon groups its programs into loan guarantees, which a lender applies for on your loan, and direct loans, which come from the state. Oregon's $83.5 million federal State Small Business Credit Initiative allocation funds the Credit Enhancement Fund among others.
These are state programs. Sagamore doesn't run them or decide who qualifies.
- Credit Enhancement FundBusiness OregonLoan insurance: Business Oregon takes responsibility for up to 80 percent of a loan made by a lender. The lender submits the application.
- Capital Access ProgramBusiness OregonHelps banks and credit unions make more small business loans through a loan loss reserve the state matches.
- Oregon Business Development FundBusiness OregonA revolving loan fund for fixed-rate term gap financing, typically for traded-sector businesses in manufacturing, processing or distribution.
- Entrepreneurial Development Loan FundBusiness OregonDirect loans to new businesses, micro-enterprises and small businesses with $1.5 million or less in revenue or 25 or fewer full-time employees.
Industries
Which Oregon industries do we work with?
Oregon has 417,747 small businesses, 99.4% of all businesses in the state, according to the SBA Office of Advocacy's 2025 profile. We work with established businesses in every industry; these are the ones that stand out in Oregon.
- Technology Company FinancingHigh technology, including semiconductors, electronics and software, is a Business Oregon target sector, and semiconductor and electronics jobs are about two and a half times as concentrated in Oregon as nationally.
- Manufacturing Business FinancingAdvanced manufacturing, including metals and machinery, aerospace and biomedical, and food and beverage manufacturing are Business Oregon target sectors.
- Construction Financing for ContractorsThe SBA counts 37,655 small construction businesses in Oregon.
- Medical Practice FinancingOregon counts 36,994 small health care and social assistance businesses.
Eligibility
What do you need to qualify for a business loan in Oregon?
The same as in every other state. Sagamore is a broker, not a lender: one application is matched with lenders across all 50 states, and every program starts from the same minimums. We work with established businesses only, so startups are not eligible.
- Credit score
- 600+
- Time in business
- 1+ year
- Annual revenue
- $400K+
Frequently Asked Questions
Common questions about business loans in Oregon
Yes. Through the Credit Enhancement Fund, Business Oregon insures up to 80 percent of a loan made by a bank or other lender. The lender applies for it on your loan, so start by asking your lender.
The Entrepreneurial Development Loan Fund, the Oregon Business Development Fund and the Oregon Royalty Fund. The first serves smaller and newer businesses; the Development Fund makes term gap loans, typically to traded-sector manufacturers, processors and distributors.
The SBA's Boise District Office serves Oregon's six easternmost counties. The Portland District Office serves the other 30 Oregon counties, by appointment.
Not through Sagamore: every program we broker needs at least 1 year in business, a 600+ credit score and $400K+ in annual revenue. Business Oregon's Entrepreneurial Development Loan Fund makes direct loans to new and very small Oregon businesses.
Sources
Where do these facts come from?
Each fact on this page was checked against the agency or legislature that publishes it. Programs and offices change, so confirm the details with the source before you rely on them.
- SBA: Portland District Office (opens in a new tab)
- Business Oregon: Credit Enhancement Fund (opens in a new tab)
- Business Oregon: Capital Access Program (opens in a new tab)
- Business Oregon: Oregon Business Development Fund (opens in a new tab)
- Business Oregon: Entrepreneurial Development Loan Fund (opens in a new tab)
- Business Oregon: Fund your business (opens in a new tab)
- Business Oregon: State Small Business Credit Initiative (opens in a new tab)
- Business Oregon: Target industries (opens in a new tab)
- SBA Office of Advocacy: 2025 Oregon Small Business Profile (opens in a new tab)
- U.S. Code: 15 U.S.C. 1603, Truth in Lending Act exempted transactions (opens in a new tab)
Related Funding Options
Which funding options fit Oregon businesses?
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