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

Blanchard, Oklahoma Business Loan

 
Loan Census SBA Loan Info

Raising money in Blanchard, Oklahoma? If so, you'll want to talk to some of these small business lenders in Blanchard.

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

Local Blanchard Lending Resources

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

Small Business Bank Recent SBA Loans
Chickasha Bank & Trust Company 1
First National Bank & Trust CO  

Other Lending Resources for Blanchard Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Davis
Davis, OK
1
Bancfirst
Oklahoma City, OK
5
Bank - Oklahoma
Tulsa, OK
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Chickasha Bank & Trust Company
Chickasha, OK
2
Chickasha Bank & Trust Company
Tuttle, OK
1
First State Bank Of Altus
Altus, OK
1
Jpmorgan Chase Bank
Houston, TX
1
Mcclain Bank
Purcell, OK
1
Newtek Small Business Finance Inc.
New York, NY
1

Blanchard Business Loan Advice

As a prerequisite to meeting with banks to discuss getting a bank 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the money is to for an existing business, 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 secure the business with your personal assets, such as the equity in your home. 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. 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

Gaebler.com is a site that is all about helping small business owners, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

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