Guide to Commercial Lenders in Oregon

Find Oregon commercial lenders to help finance your business location
By Shannon Tani

Commercial lending in Oregon helps you to finance the best location for your business. Most new business owners want to keep their startup capital available to pay for expenses that are more pressing than real estate, so they need to apply for a commercial loan in Oregon.

There are several differences between Oregon commercial lending and residential lending. The biggest different is that commercial loans have a shorter term, which requires a large lump sum payment at the end of the term. If you cannot afford this payment at the end, you can usually refinance with commercial lenders in Oregon.

Before you search for commercial mortgage brokers in Oregon:

1. Check your credit score. Commercial mortgages are a much greater risk for Oregon commercial lenders. You will need to show a high credit score for loan approval.

2. Know your choices. You can choose to work with nationwide commercial loan specialists or smaller Oregon commercial mortgage lenders. When you shop around, you may get a better deal.

3. Plan how you will pay for your loan. Your loan payments will begin immediately. Do you have the available cash flow to make these payments? You will have to show proof of this ability to Oregon commercial lending companies.

Action Steps

The best contacts and resources to help you get it done

Look for qualified commercial mortgage brokers in Oregon The first thing to do is to find qualified commercial brokers to deal with. Both Oregon state and national associations provide member referrals. This can be a great way to find Oregon commercial lenders.

I recommend: The Oregon Association of Mortgage Professionals can help you to find Oregon commercial mortgage lenders in your area. You can also search the database at the National Association of Mortgage Brokers.

Request rates and reap the rewards when Oregon commercial lenders compete It is simple to learn the rates of various commercial lenders in Oregon. In fact, you can do this by filling out a quick application form.

I recommend: Receive rate quotes from commercial mortgage providers in Oregon by visiting MortgageLoan.com. You can also look up the current rate matrices at RealWebFunds, which is a great way to do research without brokers contacting you just yet.

Choose a nationwide or local commercial lender to serve your needs You can choose to work with either small or large companies for commercial lending in Oregon. Each avenue offers distinct advantages and disadvantages and you should choose based on your personal preferences.

I recommend: A nationwide bank, such as Wells Fargo, offers an easy to understand process and quick results. Small banks, like the Bank of Eastern Oregon, may be more likely to work with small business owners.

Tips & Tactics

Helpful advice for making the most of this Guide

Many business owners speak to several commercial lenders in Oregon before finding one that agrees to finance their loan. Do not be discouraged by rejection. Revamp your presentation and try again with another Oregon commercial lending company.
Read the fine print before signing any contract. You do not want to additional fees to surprise you.