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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Pauls Valley, Oklahoma

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Pauls Valley, Oklahoma who are interested in getting debt financing.

Local Pauls Valley Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Pauls Valley.

Small Business Bank Recent SBA Loans
Farm Credit  
First United Bank & Trust 1
IBC Bank  
Pauls Valley National Bank 3

SBA Lenders for Pauls Valley Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Chickasha Bank & Trust Company
Chickasha, OK
1
First United Bank & Trust
Durant, OK
3
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
2
International Bank Of Commerce
Oklahoma City, OK
1
Landmark Bank
Wynnewood, OK
1

Tips for Getting a Business Loan in Pauls Valley

As a prerequisite to contacting lenders to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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 intend to to pay the loan back to the lender.

Having a business plan is is critically important. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business 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

Our Gaebler.com site is all about assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If you want to learn about raising money, we recommend you read Getting a Small Business Loan.

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