If you are planning on applying for a small business loan and your business is based in Bethany, Oklahoma, we've assembled a list of local small business banks that you should contact.
Local Bethany Lenders
To help you learn more about local small business lenders, here's our list of small business banks in Bethany.
Small Business Bank |
Recent SBA Loans |
1st Bethany |
|
Banker's Credit Card Service |
|
First Bethany Bank & Trust |
5 |
International Bank of Commerce - Branch Offices- Bethany |
|
International Bank of Commerce - Corporate Headquarters- Checking & Savings Acco |
|
International Bank of Commerce - Corporate Headquarters- Information |
|
People's Bank |
|
The Yukon National Bank |
9 |
Union Bank - Edmond Branch |
|
Union Bank - Memorial Road Branch |
|
Union Bank - North Drive-In |
|
Union Bank - South Penn Branch |
|
Other Lending Resources for Bethany Businesses
This is a list of banks outside of Bethany, Oklahoma that have provided SBA loans to Bethany businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Arvest Bank
Tulsa, OK |
1 |
Bancfirst
Oklahoma City, OK |
10 |
Bank - Oklahoma
Oklahoma City, OK |
1 |
Bank - Oklahoma
Tulsa, OK |
1 |
Bank Of America
Charlotte, NC |
1 |
Capital One
Mclean, VA |
1 |
Comerica Bank
Dallas, TX |
1 |
Coppermark Bank
Oklahoma City, OK |
1 |
Innovative Bank
Oakland, CA |
2 |
Jpmorgan Chase Bank
Houston, TX |
3 |
Kirkpatrick Bank
Edmond, OK |
2 |
Stillwater National Bank & Trust
Stillwater, OK |
1 |
The Yukon National Bank
Yukon, OK |
1 |
Business Loan Advice for Bethany Businesses
Before meeting with lenders for a loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the lender.
Having a 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. You will also need to discuss what collateral you have available to guarantee 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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
If you are planning on Raising
Money, you need to educate yourself. If you haven't read it
already, we recommend you review
504 Loans.
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