Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Muldrow, Oklahoma

 
Loan Census SBA Loan Info

Small business loans in Muldrow, Oklahoma are available. You just need to talk to the right bank.

If you are planning on applying for a small business loan and your business is based in Muldrow, Oklahoma, we've put together a list of local small business banks that you should contact.

Local Muldrow Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Muldrow.

Small Business Bank Recent SBA Loans
Armstrong Bank-Muldrow Branch  

SBA Lenders for Muldrow Businesses

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

Small Business Bank Recent SBA Loans
Bancorpsouth Bank
Tupelo, MS
1
First National Bank, Sallisaw
Sallisaw, OK
2
First State Bank
Martin, TN
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Simmons First National Bank
Pine Bluff, AR
2

Business Loan Advice for Muldrow Businesses

Prior to meeting with banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the loan is to for a company that is already doing business, 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, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. The banks will look at your personal credit report 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Choosing VC Firms.

More Business Loan Info for Oklahoma
Get a Business Loan in Miami
Get a Business Loan in Muskogee

Browse All Business Loan Sources for Oklahoma