UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 8-K/A


                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported) May 5, 2004

                            SILVERADO FINANCIAL INC.
             -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

   Nevada                              0-28375                   86-0824125
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State or other jurisdiction          Commission                 IRS Employer
Of incorporation                     File Number          Identification Number


 5976 W. Las Positas Blvd., Suite 112, Pleasanton, CA                 94588
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     (Address of principal executive offices)                       (Zip Code)


       Registrant's telephone number including area code: (925) 227-1500




ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS

On May 5,2004 the Company  announced  that it had  acquired of all of the issued
and  outstanding  shares  of  Lendingtech.com,Inc.  ,(Lendingtech),from  Michael
Petrullo, its sole owner and shareholder, for $520,000 of debt.

The agreement was subsequently modified July 20, 2004 to extend the closing date
of the acquisition until the completion of an audit on Lendingtech.

ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS

Audited  financial  statements  of  Lendingtech  through  December  31, 2003 and
unaudited  statements for the four months ended April 30, 2004 and the unaudited
consolidated  pro forma  statements of the combined  Registrant will be filed by
amendment to this filing.

EXHIBITS

     10.1 Stock  Purchase   Agreement  between  Silverado   Financial  Inc.  and
          Lendingtech.com,  Inc.  incorporated by reference to Form 8-K filed on
          May 20, 2004.

     10.2 Modification of Stock Purchase  Agreement between Silverado  Financial
          Inc. and Lendingtech.com, Inc.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date:    August 12, 2004

                                 SILVERADO FINANCIAL INC.

                                 By  /s/ John Hartman
                                     -----------------------------------------
                                         John Hartman, Chief Executive Officer