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

Stillwater, Oklahoma Business Loan

 
Loan Census SBA Loan Info

Small business loans in Stillwater, Oklahoma are available. You just need to talk to the right bank.

We wrote this article for small business proprietors in Stillwater, Oklahoma who are interested in getting a small business loan.

Local Stillwater Lenders

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

Small Business Bank Recent SBA Loans
American Coupon Company  
Bancfirst  
Citizens State Bank  
Home National Bank  
Liberty Federal Savings Bank  
Midfirst Bank  
Raymond James Financial Services  
Spiritbank  
Stillwater National Bank & Trust 158
The Bank National Association  
The Bank, National Association 2
University & Community Federal Credit Union  

Lenders for Stillwater Businesses

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

Small Business Bank Recent SBA Loans
Arvest Bank
Norman, OK
1
Arvest Bank
Tulsa, OK
1
Bancfirst
Oklahoma City, OK
12
Bank Of America
Charlotte, NC
2
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
4
Cit Small Business Lending Corp
Livingston, NJ
1
Citizens State Bank
Morrison, OK
3
Exchange Bank & Trust
Perry, OK
1
First Capital Bank
Guthrie, OK
1
First Capital Bank
Kingfisher, OK
1
First United Bank & Trust
Shawnee, OK
1
Home National Bank
Blackwell, OK
2
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
1
Liberty National Bank
Lawton, OK
1
Onb Bank And Trust Company
Tulsa, OK
3
Payne County Bank
Perkins, OK
2
The Bank
Woodbury, NJ
1
The Bank, National Association
Mcalester, OK
22
The First National Bank
Pawnee, OK
1

Stillwater Business Loan Advice

Before reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the bank.

Having a business plan is essential. If the capital is to for an existing 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 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 do your homework 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 dedicated to aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Investor Turnoffs.

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