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
Three SBA programs come up most often for Eugene, Oregon businesses, and they do different jobs.
Small business loans available in Eugene
An SBA 7(a) loan made to an Eugene, Oregon business is made by a participating lender, not by the SBA. The lender underwrites it, sets the rate within the SBA maximum, and services it. What varies locally is which lenders are active, not the program rules.
Common uses here are the same as everywhere: working capital, equipment, owner-occupied commercial real estate, refinancing business debt, and buying an existing business.
Insurance and closing
Most SBA lenders require hazard and, where the collateral is real property, property insurance in place before closing. See commercial property insurance for businesses and ways to ensure your SBA loan closes smoothly.
Getting started in Eugene
Check the eligibility requirements, run the numbers with the SBA 7(a) loan calculator, then get financing and we will route your inquiry to lending partners.