Small Business Loans (SBA)
Small Business Loans (SBA)
Transform your ideas into reality
We are a long-time partner of the Small Business Administration - SBA
The SBA’s 7(a) loan program is what First Oklahoma most commonly uses. This program loans to eligible borrowers for starting, acquiring, and/or expanding a small business.
Use an SBA Loan to:
Buy A Business
Take advantage of an already established brand, customer base, and operations.
Start Your Business
Secure funding you need to get your new business off the ground.
Expand Your Business
Offer new products or services, move into new markets, open additional locations, and merge with or acquire other companies.
First Oklahoma Bank partners with you to develop a financing plan that will propel your business forward!
Call today to work with lenders who care. 918.392.2500
SBA LOAN - FAQS
Why SBA Loans?
SBA Loans are funding options intended to help aspiring entrepreneurs and small business owners get their companies off the ground or expand existing operations. SBA Loans can be used to purchase commercial real estate and business assets, including equipment and inventory. For small businesses seeking the capital and guidance to start, grow, or expand, an SBA Loan can be a powerful tool to fuel your goals.
Who qualifies?
Eligible businesses must be for-profit and meet SBA standards. Eligibility for an SBA loan is determined by factors like business structure, credit profile, and collateral.
Examples of eligible businesses include storage facilities, private medical facilities and equipment needs for dentists, optometrists, ophthalmologists, urgent cares, funeral homes pharmacies, heavy equipment, franchises, nursing homes, owner occupied commercial real estate, veterinarian practices, jewelry stores, technology, landscaping, attorneys, florists, vending, transportation, manufacturing, life insurance independent agents.
What kinds of businesses don’t qualify?
Examples of ineligible businesses include non-profits, passive holders of real estate, life insurance companies, pyramid sales, gambling, businesses restricting patronage, religious organizations, cooperatives, prior loss to government, political or lobbying activities, speculation, finance companies, investment companies.
Is there a maximum loan amount?
The SBA 7(a) program sets a maximum loan amount of $5 million.
Ready to apply for an SBA Loan to carry out your vision?
Call 918.392.2500 or visit one of our bank locations.
HOURS & LOCATIONS
Jenks Branch
100 S Riverfront Dr
Jenks, OK 74037
Lobby Hours:
Monday – Friday | 9:00 a.m. – 5:00 p.m.
Drive-thru Hours:
Monday – Friday | 8:00 a.m. – 6:00 p.m.
Saturday | 8:00 a.m. – 12:00 p.m.
ATM:
Available All day
Glencoe Branch
311 W Main St
Glencoe, OK 74032
Lobby Hours:
Monday – Thursday | 9:00 a.m. – 3:00 p.m.
Friday | 9:00 a.m. – 4:30 p.m.
Midtown Branch
4110 S Rockford Ave
Tulsa, OK 74105
Lobby Hours:
Monday – Friday | 9:00 a.m. – 5:00 p.m.
Drive-thru Hours:
Monday – Friday | 8:00 a.m. – 6:00 p.m.
Saturday | Closed
ATM:
Available All day
Loan Production Office
1801 Wheeler Street
Oklahoma City, OK 73108
Lobby Hours:
Monday – Friday | 9:00 a.m. – 5:00 p.m.