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March 28, 2024  
 
 
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Business Loan Sayre, Oklahoma

 
Loan Census SBA Loan Info

Looking for a Sayre, 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.

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

Local Sayre Business Loan Sources

Without further adieu, here's our list of small business banks in Sayre.

Small Business Bank Recent SBA Loans
First National Bank & Trust  
FNB of Sayre Building Corporation  
Great Plains National Bank - Sayre  
Interbank - Sayre- Hobart  

Business Loan Providers for Sayre Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Great Plains National Bank
Elk City, OK
1

Tips for Getting a Business Loan in Sayre

Before reaching out to 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.

Being able to present a well-written business plan is essential. If the loan 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 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. 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

Gaebler.com is a site that is devoted to providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Business Line of Credit.

Business Loan Sources for Other Cities in Oklahoma
Get a Business Loan in Sapulpa
Get a Business Loan in Seminole

Browse All Business Loan Sources for Oklahoma