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Oregon Pacific Bank is a commercial lender that specializes in loans to small businesses. We have a loan team available to work with you and help with any special requirements your business may need. Our bank offers many types of business loans, some of them are listed below
Property Types
- Retail, Offices, Warehouses
- 5 Units and Up (Apartments)
- Mixed Use Properties
- Industrial
- Mobile Home and RV Parks
- Approved Subdivisions
- Any Commercial Property Considered
- Hospitality
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Loan Types
- Asset Based Loans to Business
- Equipment
- Fixtures
- Accounts Receivables
- Inventory
- Working Capital
- Revolving Lines of Credit
- Oregon Economic Development Department Loans
- SBA Loans
- Other Government Loan Programs
- Commercial Real Estate Construction Loans
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Interest Rates and Terms
- Competitive Interest Rates
- Other Terms Negotiable
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Call us for a customized program to meet your business needs.
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K.C. Short
VP/Guaranteed Lending Manager
(541 or 800) 997-7121
kc@opbc.com
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Brian Castleman
VP/Senior Commercial Lender
(541 or 800) 997-7121
brianc@opbc.com
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Mike Webb
AVP/Commercial & Construction Loans
(541 or 800) 997-7121
mike@opbc.com
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Oregon Pacific Bank’s Guaranteed Loan Programs offer a variety of loans from $30,000 up to $20 million. Following are some of the programs that are available. If you are looking for a guaranteed loan, call or come by Oregon Pacific Banking and we will work with you on a loan based on your business needs.
SBA 7(a) (Small Business Administration)
Loans
Standard - loans from $30,000 up to $2 million with a guarantee up to 75%.
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SBA 504 Loans
Structure: Financing involving a private commercial lender and a
Certified Development Co.—SBA guarantees CDC Debenture Certificates.
Collateral: CDC/SBA secured by a second mortgage or second security
interest in the project.
Term: CDC/SBA loan is fixed rate for either 10 or 20 years,
dependent on asset life expectancy.
Rate: CDC/SBA fixed rate set at funding, approximately 1.25% over
US Treasury Rate, Plus annual servicing fees.
Prepayment Premium: A declining premium exists for the first half
of the loan term.
Equity: Minimum equity contribution of 10% by business, additional
5% if request is for a new business or to finance a single purpose asset. 20%
equity required if request is for both a new business and a single purpose
asset. |
USDA Loans
A 90% guaranteed loan up to $753,000 maximum.
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USDA/RBS Loans
Business and Industry guaranteed loans from $1 million up to $20 million with an 80% guarantee.
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USDA/Community Facilities
90% guaranteed loans from $1million up to $20 million.
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Bureau of Indian Affairs Loan Guaranty Program
For Tribal member businesses up to $500,000.
Guaranteed loans to Tribes up to $5.5 million.
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For questions or quotes, please contact:
K.C. Short
Vice President
Guaranteed Lending Manager
(541) 997-7121 ▪ kc@opbc.com
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Contact Us |
Locations | Back to top of page
 Call us for a customized program to meet
your business needs.
WHAT IS THE 504 LOAN PROGRAM?
- Purpose: Economic Development Small Business Loan Program
- Stimulate private sector investment
- Help create new jobs and/or save existing jobs
- Business expansion
- Enhance access to capital
- Request Types: Fixed Asset Permanent Financing Program
WHO IS ELIGIBLE?
- Private, for-profit small businesses, start-up or expansion financing requests
- Net worth of less than $7 million
- Two year average after-tax profit of less than $2.5 million
- Creating or retaining one job for every $35,000 borrowed (may be waived under certain circumstances)
WHAT ARE THE TERMS?
- Structure: Financing involving a private commercial lender and a Certified Development Co.
- SBA guarantees CDC Debenture Certificates.
- Collateral:CDC/SBA secured by a second mortgage or second security interest in the project.
- Term:CDC/SBA loan is fixed rate for either 10 or 20 years, dependent on asset life expectancy.
- Rate:CDC/SBA fixed rate set at funding, approximately 1.25% over US Treasury Rate, plus annual servicing fees.
- Prepayment Premium:A declining premium exists for the first half of the loan term.
- Equity:Minimum equity contribution of 10% by business, additional 5% if request is for a new business or to finance a single purpose asset. 20% equity required if request is for both a new business and a single purpose asset
| Typical 504 Loan
Stucture | | |
| 50% | Oregon Pacific Bank | $625,000 | 1st Lien |
| 40% | CDC SBA 504 Loan | $500,000 | 2nd
Lien |
| 10% | Borrower | $125,000 | Equity |
| Total Request | $1,250,000 | |
- OPBC is secured by a first security interest in the project property
- OPBC sets terms and fees on their portion
- Real Estate - 10 years or more
- Machinery & Equipment - seven years or more
WHAT ARE THE LOAN COSTS?
- Loan Fees: Approximately 2.75% of the
CDC/SBA loan amount (all financed)
- CDC charges a fee of 1.5%
- National Association of Development Co. charges a funding fee of .25%
- Brokerage agents charge an underwriting fee of approximately .50%
- SBA charges a loan pool insurance fee of.50%
- Bank Fee:Participating Lender pays a
one time .50% participation fee on its loan amount
- Closing costs:Up to $5,000 of closing
costs can be financed
- Attorney closing fee of $2,500
- Other out of pocket expenses such as title insurance and recording fees
For questions or quotes, please contact:
K.C. Short
Vice President
Guaranteed Lending Manager
(541) 997-7121 ▪ kc@opbc.com
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The Bureau of Indian Affairs has approved Oregon Pacific Bank as a participating lender for the State of Oregon for the Bureau of Indian Affairs loan guarantee program. The program was established by the Indian Financing Act of 1974 to stimulate and increase Indian entrepreneurship and employment through establishment, acquisition or expansion of Indian-owned economic enterprises.
ELIGIBILITY REQUIREMENTS
- The borrower must be a federally recognized tribe or Alaska Native group, member of such
tribe or group; or an Indian-owned organization.
- A minimum of 20 percent equity, in either cash and/or unencumbered assets to be used in business being financed, is required.
- The business must be located on or near a reservation or recognized service area and contribute to the economy of the reservation.
- The borrower may not be delinquent on any federal financial obligation. The borrower may
not obtain a loan if there is any outstanding unresolved federal debts.
LOAN PURPOSE
- Loans may be made to finance Indian-owned businesses organized for profit, provided that
eligible Indian ownership constitutes not less than 51% of the business.
LOAN AMOUNT
- $500,000 is the maximum loan that can be guaranteed for individuals, partnerships and corporations. (Individual Tribal members.)
- $5.5 million is the maximum loan that can be guaranteed for Tribes.
PERCENTAGE OF GUARANTY
- The percentage of a loan that is guaranteed is the minimum necessary to obtain financing,
but may not exceed 90% of the unpaid principal and interest on a loan.
PREMIUM CHARGES
- A one-time premium payment of 2% of the guaranteed portion of a loan is charged to Oregon Pacific Bank. Oregon Pacific Bank may charge the premium to the borrower.
LOAN TERMS
- The maturity of the loan is determined by Oregon Pacific Bank based upon the use of the loan proceeds and the repayment capacity of the borrower, except 30 years is the maximum maturity term.
- Interest rates for a 90% guaranty may not exceed Wall Street Journal prime rate plus 1 1/2%. Interest rates for loans guaranteed at a lesser percentage rate may not exceed prime
rate plus 2 3/4%.
- An interest subsidy may be provided, based on borrower need, but may not exceed five years.
- Oregon Pacific Bank will require borrowers to give security, if available, up to an amount adequate to protect the loan without consideration of the guaranty.
LOAN PROCESS
- Borrowers will work directly with Oregon Pacific Bank for guaranteed loans. Upon Oregon Pacific Bank's approval of an application for a guaranteed loan, Oregon Pacific Bank will request a loan guaranty from the Bureau of Indian Affairs office where the business is located.
APPLICATION REQUIREMENTS - The application for a loan guaranty must include the following:
- The name and address of the borrower with the tax identification number if the borrower is an organization or the social security number if an individual.
- The loan amount, interest rate, term, repayment schedule, and the percentage of guaranty requested, if applicable.
- Sources and uses of funds, with specific reference to the total project cost, the borrower’s equity or personal investment, and any interest subsidy required.
- An itemized description of loan collateral offered to secure the loan, the value and the method used to value the collateral, the date of such valuation, who performed the valuation, and details concerning any existing liens.
- A business plan for the economic enterprise, including proposed management, a marketing strategy, and financial need.
- Financial statements of the borrower and any principals of the borrower for the current and the past three years, to the extent available.
- The borrower’s income tax returns, balance sheets, and operating statements for the three preceding years, to the extent available.
- The borrower’s pro forma balance sheets, operating statements and cash flow statements for at least three years, including a detailed description of key revenue and expense assumptions.
- How title will be taken to any property purchased with loan proceeds.
- Types and amounts of insurance to be carried.
- Oregon Pacific Bank’s evaluation of the economic feasibility of the enterprise and its internal loan analysis.
- A statement signed by the borrower stating whether the borrower is delinquent with any federal tax or other obligations, or has ever defaulted on a federal direct or guaranteed loan.
- A current credit bureau report on the borrower.
The information derived from this brochure is provided by the Bureau of Indian Affairs relative to their loan guaranty program and is subject to change without notice.
For questions or quotes, please contact:
K.C. Short
Vice President
Guaranteed Lending Manager
(541) 997-7121 ▪ kc@opbc.com
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Florence - 541-997-7121, Coos Bay - 541-269-7929, Roseburg - 541-677-9454
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Locations
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