Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Perkins, Oklahoma Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Perkins, Oklahoma who are interested in getting debt financing.

Local Perkins Lenders

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

Small Business Bank Recent SBA Loans
Payne County Bank 3

Banks that Lend to Perkins Businesses

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

Small Business Bank Recent SBA Loans
Bancfirst
Oklahoma City, OK
1
Stillwater National Bank & Trust
Stillwater, OK
1
The Bank, National Association
Mcalester, OK
1

Perkins Business Loan Advice

Prior to meeting with 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 plan to pay the loan back to the lender.

Having a business plan is is critically important. 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 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 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 are SBA lenders. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Getting a Small Business Loan.

More Business Loan Info for Oklahoma
Get a Business Loan in Pauls Valley
Get a Business Loan in Perry

Browse All Business Loan Sources for Oklahoma