Hillsboro, Oregon Business Funding: Washington County, OR Facts and Local Help

ZIP 97123: the businesses around SE 2nd Ave

ZIP 97123, which takes in SE 2nd Ave in Hillsboro, OR, had 1,224 employer establishments in 2023, with 16,170 paid employees and an annual payroll of about $1.02 billion (U.S. Census Bureau, ZIP Code Business Patterns 2023). A bare majority of them, 53.4%, ran with a payroll of four people or fewer.

Four of those five sectors line up with the ones lending partners have confirmed: medical and dental, retail and inventory, construction, and restaurants.

A Hillsboro, OR mailing address is not always inside city limits

ZIP codes and city boundaries do not match. The city covers only 16.9% of ZIP 97123's land and 32.1% of ZIP 97124's, while 56.5% of the city's own land sits in ZIP 97124 (Census 2020 ZIP-to-place relationship file). A business with a Hillsboro mailing address may be inside the city, or in unincorporated Washington County.

That matters when a partner asks for a city business license or a local permit, because the answer depends on where the business actually operates. Our Hillsboro, OR business license guide covers renewals and how to look up a license record.

The countywide count for Washington County, OR

Washington County, Oregon had 16,355 employer establishments in 2023 with 307,351 paid employees and about $26.9 billion in annual payroll (County Business Patterns 2023). Under-five-person employers made up 8,598 of them, or 52.6%. The county also had 46,094 businesses with no paid employees in 2024 (Nonemployer Statistics 2024), a separate program that is not added to the employer count.

By number of employer establishments, the largest sectors in 2023 were Health Care and Social Assistance (2,325), Professional, Scientific, and Technical Services (2,034) and Construction (1,826). Manufacturing had the largest payroll, about $5.20 billion, from 701 establishments with 46,457 employees.

Owners on their own payroll: Hillsboro, OR against Washington County, OR

In the 2020-2024 American Community Survey, 6.4% (+/- 0.9) of Hillsboro's employed residents were self-employed, compared with 8.9% (+/- 0.4) across Washington County and 11.1% (+/- 0.2) statewide. The ranges do not overlap, so the city's share is lower than the county's, and the county's lower than Oregon's.

Within the city, 4.6% of employed residents ran businesses that were not incorporated and 1.8% ran incorporated ones. Owners of unincorporated businesses often have thinner business credit files, which partners weigh alongside personal credit.

Three years of residential permits in Washington County, OR

New privately owned housing units authorized by building permits in the county fell from 2,660 in 2023 to 2,273 in 2024 and 1,886 in 2025 (Census Building Permits Survey). In 2025, 1,646 of those units were single-family and 212 were in buildings with five or more units.

For contractors, permit counts are one signal of residential work in the pipeline, not a forecast. The sector pages cover how construction firms fund equipment and payroll between draws.

Reading the counts as a borrower around SE 2nd Ave

• Most employers are small. With over half under five employees, a single slow-paying customer can affect payroll; working capital exists for that gap.
• The sector shapes the structure. Clinics and contractors often need equipment financing; retailers need stock funding.
• Many owners work alone. Nonemployer businesses often have limited business credit history, so partners look harder at bank deposits.

All six options are compared on one page.

Local resources and contacts

the City of Hillsboro website (checked in the evidence pack, 2026-10-16) is the starting point for city services, permits and licensing. Owners also search for the Hillsboro chamber of commerce, small-business grants and the city's small business stabilization program; we do not offer or arrange grants, and those programs should be confirmed directly with the organizations that run them.

The Washington County, Oregon resource guide lists the kinds of free advisers owners use.

Reading on the blog

Our blog has posts on contractor payroll, opening a restaurant, dental practice funding and credit-line uses, each built on these Washington County figures.

Around Hillsboro, OR and reaching us

We work with owners across the county, from Cornelius and Forest Grove to Beaverton and Sherwood; the towns we serve each have notes. Who we are and how to reach us are one click away.

Hillsboro, OR sectors our partners fund

Quarryfield Capital Group works with Hillsboro, OR businesses in four sectors our partners have confirmed: contractors and construction trades, restaurants and food service, medical and dental practices and retailers and wholesalers that carry stock. Being in one of them does not decide the outcome; the partner does.

What to gather before you call

• Your most recent business tax return
• A year-to-date profit and loss statement and balance sheet
• Photo ID for every owner of the business
• Formation documents and your EIN
• A list of existing business debts and payments
• For equipment, the seller's quote with make, model and price

Each lending partner sets its own list, so treat this as a starting point.

What happens after you reach out

1. It starts with a call to (503) 862-0920 or the short contact form. On the phone we cover the purpose of the funds, time in business and approximate monthly revenue.
2. We walk through the funding types that suit that purpose and the paperwork partners tend to ask for. Nothing goes out until you say so.
3. With your permission, we take the request to lending partners that offer that kind of funding. Each partner reviews it and makes its own credit decision.
4. Any offer comes from the partner. Read the total cost, the payment schedule and the terms before deciding; turning it down is always an option.

Quarryfield Capital Group is based at 118 SE 2nd Ave, Hillsboro, OR 97123.

By Quarryfield Capital Group · Updated 2026-10-16