SBA 504 Loans in Bend, OR
Find lenders offering sba 504 loans in the Bend, including Redmond, Sunriver, and surrounding areas. Compare rates, terms, and programs from 12 lenders.
SBA 504 Lenders Serving Bend
12 lenders offering sba 504 loans in the Bend, OR area.
Cascade Capital Funding
Local SBASalem, OR
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Fifth Third Bank
SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
Enterprise Bank & Trust
SBACLAYTON, MO
Midwest-based bank and top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate financing, and specialty lending for industries like healthcare and professional services.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Evergreen Business Capital
SBASeattle, WA
Northwest Business Development Association
SBASpokane Valley, WA
Bend Commercial Real Estate Market
Bend is one of Oregon's fastest-growing small metros, driven by lifestyle migration and a booming tourism economy that generates outsized demand for hospitality, retail, and short-term rental properties. The Old Mill District along the Deschutes River has become the city's signature mixed-use commercial center, while the Juniper Ridge area on the north side is the primary zone for industrial and flex-space development. Commercial land prices have risen sharply due to the urban growth boundary and Deschutes County's limited buildable supply, creating a constrained market where new construction often commands premium rents. The local economy has diversified beyond tourism into craft brewing, outdoor gear companies, and a growing remote-worker population.
Key Economic Drivers
- ●Tourism and outdoor recreation economy anchored by Mt. Bachelor ski resort and Deschutes River recreation
- ●St. Charles Health System, the largest employer in Central Oregon, expanding its medical campus
- ●Craft brewing and distilling cluster including Deschutes Brewery, Boneyard Beer, and Bend Distillery
- ●Remote worker migration fueling demand for coworking spaces, residential conversions, and neighborhood retail
Market Insight
Bend's population has roughly doubled since 2000, but its urban growth boundary severely limits developable commercial land, creating a supply-constrained environment where Class A retail and office rents can rival those in Portland's suburban corridors.
SBA 504 Loans in Bend, Oregon
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Bend metro area, borrowers can access 12 lenders offering SBA 504 financing, including Redmond, Sunriver, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who Should Consider SBA 504 Loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
Key Requirements
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
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