County12th of 34 in Oregon by approvalsFIPS 41053
SBA loans in Polk County, Oregon
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 87 loans to businesses in Polk County, Oregon, in FY2021 to FY2025, worth $20.0M: 84 under 7(a) and 3 under 504.
That is 54.8 approvals per 1,000 business establishments (1,587 establishments in 2023), above the Oregon figure of 40.8 and above the national 41.0.
It ranks 12th of 34 Oregon counties with approvals. In FY2025 there were 22, about level with FY2024.
18 lenders had approvals here; the most active were Columbia Bank (45), U.S. Bank, National Association (10) and Northeast Bank (5). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Polk County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Columbia BankLake Oswego, OR | 45 | $1.6M | 51.7% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 10 | $2.2M | 11.5% | |
| 3 | Northeast BankLewiston, ME | 5 | $700K | 5.7% | |
| 4 | KeyBank National AssociationCleveland, OH | 5 | $130K | 5.7% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 4 | $2.6M | 4.6% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 2.3% | |
| 7 | Cascade Capital FundingSalem, OR · CDC | 2 | — | 2.3% | |
| 8 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 2.3% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 2.3% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 2.3% | |
| 11 | West Coast Community BankSanta Cruz, CA | 1 | — | 1.1% | |
| 12 | Summit BankEugene, OR | 1 | — | 1.1% | |
| 13 | Peoples Bank of CommerceMedford, OR | 1 | — | 1.1% | |
| 14 | Evergreen Business CapitalSeattle, WA · CDC | 1 | — | 1.1% | |
| 15 | Mountain Pacific BankEverett, WA | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 6.9% | |
| 2 | Other Personal ServicesNAICS 8129 | 4 | 4.6% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 4.6% | |
| 4 | Grocery StoresNAICS 4451 | 4 | 4.6% | |
| 5 | Residential Building ConstructionNAICS 2361 | 4 | 4.6% | |
| 6 | Personal Care ServicesNAICS 8121 | 4 | 4.6% | |
| 7 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 4 | 4.6% | |
| 8 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 3.4% | |
| 9 | Automobile DealersNAICS 4411 | 3 | 3.4% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 3 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 16 | 18.4% | |
| 2 | Construction | 15 | 17.2% | |
| 3 | Accommodation and Food Services | 8 | 9.2% | |
| 4 | Health Care and Social Assistance | 8 | 9.2% | |
| 5 | Other Services (except Public Administration) | 8 | 9.2% | |
| 6 | Manufacturing | 6 | 6.9% | |
| 7 | Professional, Scientific, and Technical Services | 6 | 6.9% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 5 | 5.7% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 10 | $1.8M | $128K | 1 | — | 11 | 73 |
| FY2025 | 22 | $5.0M | $53K | 0 | — | 22 | 236 |
| FY2024 | 21 | $956K | $50K | 1 | — | 22 | 112 |
| FY2023 | 10 | $3.5M | $25K | 1 | — | 11 | 91 |
| FY2022 | 22 | $6.8M | $25K | 0 | — | 22 | 197 |
| FY2021 | 9 | $2.4M | $25K | 1 | — | 10 | 102 |
| FY2020 | 13 | $2.4M | $30K | 1 | — | 14 | 29 |
| FY2019 | 13 | $3.0M | $25K | 0 | — | 13 | 40 |
| FY2018 | 11 | $798K | $25K | 0 | — | 11 | 125 |
| FY2017 | 7 | $1.8M | $142K | 1 | — | 8 | 48 |
| FY2016 | 9 | $4.5M | $250K | 1 | — | 10 | 251 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 56 approvals.
Against Oregon and the country
| FY2021–FY2025 | Polk County | Oregon | United States |
|---|---|---|---|
| Approvals | 87 | 5,000 | 342,825 |
| Approvals per 1,000 establishments | 54.8 | 40.8 | 41.0 |
| Median 7(a) approval | $36K | $118K | $190K |
| Median 504 approval | $498K | $667K | $657K |
| Average approval | $230K | $529K | $573K |
| 504 share of approvals | 3.4% | 8.2% | 11.0% |
| Jobs supported per approval, as reported | 8.5 | 8.4 | 10.5 |
| Share of state approvals | 1.7% | 100.0% | — |
Approval sizes
- $50,000 or less70.1%61
- $50,001 to $150,0006.9%6
- $150,001 to $350,0009.2%8
- $350,001 to $1 million8.0%7
- $1 million to $2 million3.4%3
- Over $2 million2.3%2
Age of the businesses
- Existing, more than 2 years old80.5%70
- New business, 2 years or less12.6%11
- Startup, loan funds will open the business2.3%2
- Change of ownership4.6%4
Questions and answers
Which lenders make the most SBA loans in Polk County?
By approvals in FY2021 to FY2025: Columbia Bank (45), U.S. Bank, National Association (10), Northeast Bank (5), KeyBank National Association (5), Live Oak Banking Company (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Polk County?
The median 7(a) approval was $36K and the median 504 approval $498K; the Oregon 7(a) median was $118K.
Which industries get the most SBA loans in Polk County?
Restaurants and Other Eating Places (6); Other Personal Services (4); Other Specialty Trade Contractors (4); Grocery Stores (4); Residential Building Construction (4).
Is SBA lending in Polk County rising?
Approvals in the three latest complete fiscal years total 55, against 46 in the three before: rising (+20%).
How does Polk County compare with the rest of Oregon?
54.8 approvals per 1,000 establishments against 40.8 statewide, and 87 of the state's 5,000 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error