90% loan-to-value. That single figure explains why SBA 7(a) loans remain the benchmark for businesses in Coburg acquiring commercial property or replacing equipment without draining operating reserves.
SBA loans
SBA loans are federally guaranteed term products designed to reduce lender risk and extend repayment horizons. The 7(a) program covers working capital, owner-occupied real estate, machinery, and refinancing. Because the Small Business Administration backstops a portion of each loan, lenders can approve higher advance rates and longer amortizations than conventional commercial credit. Coburg companies benefit from predictable monthly payments and the ability to preserve cash for inventory, payroll, and seasonal swings.
SBA loans
Coburg sits along the I-5 corridor north of Eugene, home to a mix of light industrial shops, auto service centers, and retail storefronts clustered near Willamette Street. Businesses here often need capital to buy the buildings they lease or upgrade aging equipment. SBA loans align well with these needs because the program was written for exactly this use case: stable, cash-flowing enterprises that lack the equity or liquidity a bank would otherwise require. A body shop replacing a frame machine or a warehouse operator purchasing their facility on North Willamette can structure financing that matches the asset's useful life, not an arbitrary five-year balloon.
How it works
As a licensed commercial loan broker, Myrtle Advances packages your application, matches it to lenders active in Lane County, and walks you through documentation from personal financial statements to lease schedules. We do not fund loans ourselves. Instead, we streamline the multi-week SBA underwriting cycle so you spend less time chasing paperwork and more time running your operation. Our office at 911 Country Club Rd in Eugene serves Coburg and nearby corridors, and we understand the drive-time realities of meeting in person when a signature or addendum is required.
Consider a family-owned HVAC contractor leasing a shop on Van Duyn Street. The landlord offers to sell. The business generates consistent revenue but lacks the down payment a conventional lender demands. An SBA 7(a) loan can finance up to 90% of the appraised value, folding closing costs into the loan and preserving the contractor's line of credit for truck inventory and seasonal labor. Myrtle Advances would gather tax returns, build a cash-flow model, and present the package to SBA-preferred lenders who know the Coburg market.
Call (541) 454-9689 to discuss your scenario, or visit us at 911 Country Club Rd, Eugene, OR 97401.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.
