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

Wister, Oklahoma Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Wister, Oklahoma who are interested in getting debt financing.

Local Wister Banks

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

Small Business Bank Recent SBA Loans
The Community State Bank Wister Branch  

Banks that Lend to Wister Businesses

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

Small Business Bank Recent SBA Loans
Bancfirst
Oklahoma City, OK
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Central National Bank - Poteau
Poteau, OK
2
Regent Bank & Trust National As
Nowata, OK
1
The Community State Bank
Poteau, OK
2
Ups Capital Business Credit
Windsor, CT
1

Wister Business Loan Advice

Before reaching out to banks 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 plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 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. Before you sit down to talk with a small business banker, you may want to get up to speed 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 devoted to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, one article that might be of interest to you is Getting a Small Business Loan.

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