Business Loan Broken Arrow, Oklahoma

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

This article is written specifically for small business proprietors in Broken Arrow, Oklahoma who are interested in getting a bank loan.

Local Broken Arrow Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Broken Arrow.

Small Business Bank	Recent SBA Loans
1st National Bank & Trust - Broken	18
Arkansas Valley State Bank	96
Bank First
Bank of America
Bank of Oklahoma NA - Branch Locations- Broken Arrow
Bank One
Budco Inc
Citizens Security Bank & Trust
City National Bank
First Bank Centre
First Bankcentre	2
First Broken Arrow Corporation	1
First Community Bank
First National Bank & Trust - South Elm Facility- Aspen Facility- Main
First Union Small Business Capital
IBC Bank - Branches- Broken Arrow
International Bank of Commerce
Midfirst Bank
Rcb Bank	4
RCB Financial Services
State Farm Bank
Superior Bank
Wells Fargo Mortgage
Western Sun Federal Credit Union

SBA Lenders for Broken Arrow Businesses

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

Small Business Bank	Recent SBA Loans
Arvest Bank Fayetteville, AR	8
Arvest Bank Fort Smith, AR	1
Arvest Bank Tulsa, OK	4
Bancfirst Oklahoma City, OK	11
Bank - Oklahoma Oklahoma City, OK	1
Bank - Oklahoma Tulsa, OK	5
Bank Of America Charlotte, NC	16
Borrego Springs Bank Borrego Springs, CA	1
Business Loan Center, LLC New York, NY	6
Business Loan Center, LLC Panama City Beach, FL	12
Capital One Mclean, VA	5
Cit Small Business Lending Corp Livingston, NJ	3
Citizens Security Bank & Trust Bixby, OK	1
Columbian Finan Corp Overland Park, KS	1
Community Bank & Trust Company Tulsa, OK	7
Compass Bank Birmingham, AL	1
First American Bank Purcell, OK	1
First Bank Of Owasso Owasso, OK	4
Ge Cap. Small Business Finan Corp St. Louis, MO	1
Hedrick Savings Bank Ottumwa, IA	1
Innovative Bank Oakland, CA	21
International Bank Of Commerce Laredo, TX	1
International Bank Of Commerce Oklahoma City, OK	1
Jpmorgan Chase Bank Houston, TX	8
Midfirst Bank Oklahoma City, OK	1
Midfirst Bank Tulsa, OK	1
Nbanc Tulsa, OK	1
Onb Bank And Trust Company Tulsa, OK	13
Security Bank Pawnee, OK	1
Security Bank Tulsa, OK	1
Spiritbank Tulsa, OK	2
Stearns Bank Saint Cloud, MN	1
Stillwater National Bank & Trust Stillwater, OK	7
Summit Bank Tulsa, OK	1
The F&m Bank & Trust Company Tulsa, OK	1
Triad Bank Tulsa, OK	7
Union Bank Oklahoma City, OK	3

Tips for Getting a Business Loan in Broken Arrow

As a prerequisite to reaching out to lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the financing is to for a going concern, 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 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 are SBA lenders. 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 dedicated to supporting small business owners, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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