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November 21, 2024  
 
 
  Business Loan Information  
 

Clinton, Oklahoma Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Clinton, Oklahoma small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are looking for a small business loan and your business is based in Clinton, Oklahoma, we've assembled a list of local small business banks that you should contact.

Local Clinton Lenders

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

Small Business Bank Recent SBA Loans
Bank of the West  
First Bank And Trust Company 2
First National Bank & Trust CO  
Interbank - Clinton  
Oklahoma Bank & Trust 8

Business Loan Providers for Clinton Businesses

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

Small Business Bank Recent SBA Loans
Bancfirst
Oklahoma City, OK
1
Bank Of Hydro
Hydro, OK
2
Capital One
Mclean, VA
1
Interbank
Elk City, OK
1
International Bank Of Commerce
Oklahoma City, OK
2
Midfirst Bank
Oklahoma City, OK
1
Southwest National Bank
Weatherford, OK
2

Clinton Bank Loan Tips

Prior to contacting 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, describe what the money will finance, and show your ability to pay the money back to the lender.

Being able to present a well-written business plan is essential. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, 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. 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 get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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