|The business lending trend||| Print ||
|Articles - January 2013|
BY BRANDON SAWYER
Business lending nationally is almost back to 2008 levels, but small businesses are getting less, particularly in Oregon. While the SBA’s Portland District loaned a record-breaking $428.7 million in 2012, much of the volume was commercial real estate refinancing into the SBA’s 504 loan program. And even though SBA lending is up, the far larger marketplace of FDIC-insured commercial banks and savings institutions has been shunning small business. Loans of $1 million or less from such banks have been on a steady decline in Oregon and nationwide. Because the state has a higher proportion of small business, it lags the country for lending growth. Total business loans grew 15% in the U.S. this year, but only 2% in Oregon.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.