Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Business Loan Ardmore, Oklahoma

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Ardmore, Oklahoma who are interested in getting a small business loan.

Local Ardmore Lending Resources

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

Small Business Bank Recent SBA Loans
American National Bank - Lone Grove Branch  
American National Bank - Main Branch  
American National Bank - Winn-Dixie Branch  
Bancfirst  
Citizens Bank & Trust CO - Citizens Connection  
Citizens Bank & Trust Company - Downtown Facility  
Citizens Bank & Trust Company - Walmart Branch  
Commercial Federal Bank  
Communication Federal Credit Union  
Farm Credit  
First Bank & Trust CO  
First National Bank and Trust Company  
Grissom Bill  
Landmark Bank NA  
Lincoln Center  
Mortgage Loan Professionals Inc  
Robert Thomas Securities Inc  

Lenders for Ardmore Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Liberal
Liberal, KS
1
Bancfirst
Oklahoma City, OK
20
Business Loan Center, LLC
Panama City Beach, FL
4
Capital One
Mclean, VA
5
First Bank & Trust Co.
Duncan, OK
3
First United Bank & Trust
Mckinney, TX
1
Washington Mutual Bank
Henderson, NV
1

Tips for Getting a Business Loan in Ardmore

As a prerequisite to meeting with lenders for a loan, you will need to develop the specifics of your loan request.

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 plan to pay the loan back to the lender.

A well-defined business plan is essential. If the money 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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. 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 new to our Gaebler.com site, you should know that we are passionate about aiding entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Angel Investors.

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