SBA 504 Loans in Eugene, OR
Find lenders offering sba 504 loans in the Eugene, including Springfield, Cottage Grove, and surrounding areas. Compare rates, terms, and programs from 12 lenders.
Which SBA 504 lenders serve Eugene?
12 lenders offering sba 504 loans in the Eugene, 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
What does the Eugene commercial real estate market look like?
Eugene's commercial real estate market is heavily influenced by the University of Oregon, whose 24,000-student campus generates demand for student housing, retail, and office space in the surrounding neighborhoods of West University, downtown, and the Whiteaker district. The city has emerged as a center for sustainable technology and outdoor industry businesses, with firms like Bi-Mart and local athletic apparel companies maintaining a presence. The Gateway area along I-5 and the Chad Drive industrial corridor are the primary nodes for distribution and light manufacturing. Eugene's market is characterized by limited new construction due to the urban growth boundary and a tenant mix that skews toward smaller, locally owned businesses and nonprofits.
Key Economic Drivers
- ●University of Oregon campus and its Knight Campus for Accelerating Scientific Impact driving research-related demand
- ●PeaceHealth Sacred Heart Medical Center, the region's largest hospital and employer
- ●Lane County government operations and social services sector
- ●Outdoor recreation and sustainable products companies leveraging the Eugene lifestyle brand
Market Insight
The University of Oregon's $1 billion Knight Campus for Accelerating Scientific Impact has spurred adjacent demand for lab space, researcher housing, and commercial services in the blocks surrounding the campus, creating a new innovation-district submarket.
How do sba 504 loans work in Eugene, 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 Eugene metro area, borrowers can access 12 lenders offering SBA 504 financing, including Springfield, Cottage Grove, 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
What are the 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)
SBA 504 Loans in Eugene FAQ
How many SBA 504 lenders serve Eugene, OR? ▼
What are SBA 504 loan rates in Eugene? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
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