Eugene is a city in the U.S. state of Oregon. It is located at the southern end of the Willamette Valley, near the confluence of the McKenzie and Willamette rivers, about 50 miles (80 km) east of the Oregon Coast. As of the 2010 census, Eugene had a population of 156,185; it is the state's third most populous city after Portland and Salem. The Eugene-Springfield, Oregon metropolitan statistical area (MSA) is the 146th largest metropolitan statistical area in the US and the third largest in the state, behind the Portland Metropolitan Area and the Salem Metropolitan Area.

Eugene is home to the University of Oregon. The city is also noted for its natural beauty, recreational opportunities (especially bicycling, running/jogging, rafting, kayaking), and focus on the arts. Eugene's slogan is "A Great City for the Arts and Outdoors". It is also referred to as the "Emerald City" and as "Track Town, USA". The Nike corporation had its beginnings in Eugene. In 2021, the city will host the World Athletics Championships.

Eugene's economy is driven by the presence of the University of Oregon, as well as by healthcare and technology. The city is also home to a number of manufacturing and distribution companies. The retail sector is also important to the city's economy, with a number of shopping malls and district located within its boundaries.

The city's largest employer is the University of Oregon, with over 12,000 employees. Other major employers include PeaceHealth Sacred Heart Medical Center at RiverBend, McKenzie-Willamette Medical Center, and the Eugene School District.

Comparing SBA Loan Types in Eugene

Our Experts

When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.

SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.

Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge.

Looking for more information about Eugene? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.

Small Business Loans Available in Eugene

There are several options for small business loans in Eugene. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.

1. SBA 7(a) Loans

The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.

2. SBA 504 Loans

The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 25 years for real estate, and interest rates are generally lower than most conventional financing options.

3. SBA Express Loans

SBA's Express Loan program are designed for speed: While loans max out at $500,000, the application turnaround time is just a few days. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.

If you are interested in applying for a small business loan in Eugene, we’ll match you with the best lender: Click here for a free quote.

Getting the Right Insurance for Your Property

If you own the property you operate out of, you'll need adequate insurance in place as part of the SBA financing process. Unfortunately, the cost of property insurance has shot up in recent years — and not just in the disaster-prone areas that may immediately come to mind.

Janover Insurance Group is happy to provide you with a free, zero-obligation quote on insuring the commercial real estate your business owns and occupies. Simply click here to get started.