Business loans can be very fast or very slow. The speed at which the business loan is processed depends, in part, upon your application, credit history, collateral, and business plan. If we have never met you before, you will need to provide additional documentation.

The first step is to contact Martin Desmond or call 541-463-4616 to set up a meeting. The loan process will be discussed. You will be provided with a credit request form so that we may check your credit history. You will be provided with a loan application. If you do not have a business plan, you will be expected to complete a business plan

If you are looking for a business loan in excess of $2,000, we will be expecting that you will have completed a business plan that demonstrates your understanding of your business and your competitors.

After we have run a credit history check, we may want to talk with you if you have bad debt or unpaid bills on your credit history. Not all debt is considered the same as we recognize that medical debt and student debt is different from consumer debt. Medical and student debt has likely been thrust upon you rather than consumer debt which you likely chose to incur.

You will need to provide collateral for the loan. Collateral is an important item to show that you have a stake in paying off the loan.

If you have all of the elements assembled, the business loan can speed through. If you are missing one of the elements, such as a business plan or demonstration that you can repay the loan, the process will be much slower.