Oakridge Business Loans is a small-business funding broker in Bellingham, WA, not a lender. From 1302 Commercial St it helps Whatcom County and Skagit County owners compare six funding types and connects them with lending partners, which make credit decisions and set rates and terms. Business funding is the only thing we handle.
What a funding broker does
A common question is what a loan broker actually does. In our case: we listen to what the business needs the money for, explain which of the six funding types fit, and take the request to lending partners that offer that type. Oakridge Business Loans connects you with lending partners; partners make credit decisions and set rates and terms. When an offer arrives, we help you read it, especially the parts that matter more than the headline figure, such as security, guarantees, prepayment terms and, for advances, the total amount to be collected.
Why the name says Loans
The name describes what owners are looking for, not what we do with our own money. Oakridge Business Loans does not lend, does not approve applications and does not set prices. That is stated here, in the broker disclosures, and in every conversation.
Our office
Oakridge Business Loans is at 1302 Commercial St, Bellingham, WA 98225, in Whatcom County. Phone (360) 370-4248. We work with owners by phone and online across Whatcom County and in nearby Skagit County towns. The Bellingham, WA page describes the local business landscape, and the contact page holds the details.
Who we work with
Businesses in the sectors our lending partners cover: construction and the trades, restaurants and food service, medical and dental practices, and retail and wholesale businesses that carry inventory. Other businesses can still ask; we will say honestly whether we can help.
What we will not do
- Tell you in advance that you will be approved, for how much, at what price or by when. Partners decide all of that.
- Arrange personal, payday, auto title, home or other consumer loans.
- Label a merchant cash advance as borrowing; an advance is a purchase of future sales.
- Push you toward any offer. Walking away is always allowed.
- Arrange financing for agriculture or trucking businesses, or offer service in languages other than English.
How a request moves
The four steps describe what happens from your first call to a partner's decision, including what underwriters review and how to compare offers.
By Oakridge Business Loans · Updated