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March 28, 2024  
 
 
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Calera, Oklahoma Business Loan

 
Loan Census SBA Loan Info

Looking for a Calera, Oklahoma small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for small business proprietors in Calera, Oklahoma who are interested in getting debt financing.

Lenders for Calera Businesses

This is a list of banks outside of Calera, Oklahoma that have provided SBA loans to Calera businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
First Texoma National Bank
Durant, OK
1

Calera Business Loan Advice

Before contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the financing is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks are SBA lenders. Prior to visiting local banks, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is dedicated to aiding small business owners, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is How to Raise Money.

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