Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Kellyville, Oklahoma Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Kellyville, Oklahoma seems challenging at first, but we're here to help you get started.

This article is written specifically for entrepreneurs in Kellyville, Oklahoma who are interested in getting a small business loan.

Local Kellyville Banks

Without further adieu, here's our list of small business banks in Kellyville.

Small Business Bank Recent SBA Loans
American Heritage Bank  

Business Loan Providers for Kellyville Businesses

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

Small Business Bank Recent SBA Loans
Albright Title & Trust
Newkirk, OK
1
Jpmorgan Chase Bank
Houston, TX
1

Kellyville Business Loan Advice

Before reaching out to banks for a 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the money 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 guarantee 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 pledge 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on 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

If you are new to our Gaebler.com site, you should know that we are deeply committed to helping small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Business Line of Credit.

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