Owasso, Oklahoma Business Loan

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

We wrote this article for small business proprietors in Owasso, Oklahoma who are interested in getting debt financing.

Local Owasso Business Loan Sources

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

Small Business Bank	Recent SBA Loans
Bank - Lakes	2
Bank of Oklahoma N A
First Bank Of Owasso	37
IBC Bank
Rcb Bank	5
Spiritbank

Business Loan Providers for Owasso Businesses

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

Small Business Bank	Recent SBA Loans
American Bank And Trust Co. Tulsa, OK	1
Arkansas Valley State Bank Broken Arrow, OK	1
Arvest Bank Fayetteville, AR	1
Arvest Bank Tulsa, OK	4
Bancfirst Oklahoma City, OK	5
Bank - Oklahoma Tulsa, OK	3
Bank Of America Charlotte, NC	5
Business Loan Center, LLC New York, NY	1
Business Loan Center, LLC Panama City Beach, FL	1
Capital One Mclean, VA	3
Cit Small Business Lending Corp Livingston, NJ	2
Commerce Bank Kansas City, MO	1
Commerce Bank Tulsa, OK	1
Community Bank & Trust Company Tulsa, OK	1
Exchange Bank & Trust Perry, OK	1
Home National Bank Blackwell, OK	1
Innovative Bank Oakland, CA	7
Jpmorgan Chase Bank Houston, TX	1
Midfirst Bank Tulsa, OK	1
Onb Bank And Trust Company Tulsa, OK	8
Rcb Bank Claremore, OK	5
Red Crown Fcu Tulsa, OK	2
Regent Bank & Trust National As Nowata, OK	2
Security Bank Pawnee, OK	1
Stillwater National Bank & Trust Stillwater, OK	1
The Central Trust Bank Jefferson City, MO	1
The Exchange Bank Skiatook, OK	1
Triad Bank Tulsa, OK	1
Union Bank Oklahoma City, OK	1

Owasso Business Loan Advice

Prior to meeting with lenders to get 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 your ability to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the bank loan is to for an existing 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. 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.

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