Secured term loans, lines of credit and more for established businesses in the Pacific Northwest.

If you’re on the hunt for a business loan and live in the Pacific Northwest, Umpqua Bank may be able to help. Its term loans come with low starting rates and minimal fees, though they need to be secured by your business assets or other collateral.
You’re also not able to apply online, so if you don’t live in one of the five states it has branches in, you’ll want to look elsewhere.


Min. Amount


Max. Amount



Product Name Umpqua Bank Business Term Loan
Min. Amount $10,000
Max. Amount $750,000
Loan Term Up to 7 years
APR Starting at 6%
Requirements In business 3+ years, no bankruptcies in past 5 years
  • In business at least three years.
  • No bankruptcies within the past 5 years.

First, do I qualify?

To apply for a business loan through Umpqua Bank, you’ll need to meet these basic eligibility requirements:

  • In business at least three years.
  • No bankruptcies within the past 5 years.

While Umpqua Bank doesn’t mention a minimum credit score, most banks require good to excellent credit to qualify for a business loan. And since you need to apply in person, make sure you live near an Umpqua Bank branch in Oregon, Washington, California, Nevada or Idaho.

What is a business term loan from Umpqua Bank?

Umpqua Bank offers secured business term loans backed by your business assets, vehicles or equipment. You can borrow anywhere from $10,000 to $750,000 with terms up to 7 years. Rates are fixed and start at 5.5% including a 0.5% autopay discount if you pay from your Umpqua Bank account. And unlike many business lenders that charge origination fees upwards of 5%, Umpqua Bank’s is relatively low at just 0.5%.

What makes Umpqua Bank business loans unique?

Umpqua Bank offers the local banking experience and personalized service that’s hard to find with online lenders. Though, with not application fee, it is less convenient. But if you’re looking to develop a close relationship with a local bank with an array of business financing and term loans, Umpqua could be for you. If your business qualifies, it offers SBA loans and lines of credit.

What are the benefits of a business loan from Umpqua Bank?

  • Minimal origination fee. Compared to other lenders, Umpqua’s 0.5% origination fee on its business term loans is relatively low.
  • Low starting rates. Rates for its term loans start at just 5.5% with autopay, which can help keep payments down while you expand your business.
  • Multiple financing options. Whether you’re interested in an SBA loan, line of credit or term loan, Umpqua Bank has options to fit your business’s unique needs.

What to watch out for

  • No online application. Umpqua doesn’t allow you to apply or even prequalify online, meaning you’ll need to visit a branch in person to begin the process.
  • Only for established businesses. Your business needs to be up and running for a minimum of three years to qualify for a business term loan from Umpqua.
  • Very few reviews. If you were hoping to see how Umpqua Bank stacks up to other business lenders in terms of customer experiences, you’re out of luck — there aren’t many reviews from past borrowers.

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