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

Purcell, Oklahoma Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Purcell, Oklahoma small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Purcell Business Loan Sources

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

Small Business Bank Recent SBA Loans
First American Bank 9
IBC  
Mcclain Bank 5
McClain County Nat'l Bank  

Banks that Lend to Purcell Businesses

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

Small Business Bank Recent SBA Loans
Bancfirst
Oklahoma City, OK
3
Bank - Oklahoma
Oklahoma City, OK
1
Bank Of America
Charlotte, NC
2
International Bank Of Commerce
Oklahoma City, OK
4

Purcell Bank Loan Tips

As a prerequisite to contacting 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

A well-defined 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. 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

More Business Loan Info for Oklahoma
Get a Business Loan in Poteau
Get a Business Loan in Sallisaw

Browse All Business Loan Sources for Oklahoma