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.
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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