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SBA Lending

Small Business Administration (SBA Lending)

SBA loans are small business loans partially guaranteed by the government. The U.S. Small Business Administration is a federal agency committed to furthering the growth and development of small businesses and partners with lenders nationwide in their loan programs.

How Can You Use an SBA Loan?

  • Purchase of equipment
  • Working capital and inventory needs
  • Acquisition and/or improvement of owner-occupied real estate
  • Business expansion
  • Ownership transitions and buyouts

Compare SBA loan options and benefits:

Loan Type Key Benefits Best For
SBA 7(a) Business Loan
  • Terms up to 10 years for equipment
  • Terms up to 7 years for working capital
  • Flexible collateral options
  • Loan amounts up to $5 million
  • Business acquisition
  • Equipment
  • Debt refinance
  • Tenant improvement
  • Partner buyout
  • Working capital and inventory
SBA 7(a) Real Estate Loan
  • Terms up to 25 years
  • Fully amortized, no balloon payments
  • Purchase, refinance or construction of owner-occupied commercial real estate
SBA 504 Loan
  • 10 year maturity on equipment
  • 20 year maturity on real estate
  • Utilizes a Certified Development
  • Company (CDC) to assist in funding along with the Bank
  • Promotes business growth and job creation
  • Purchase or construction of owner-occupied commercial real estate
  • Long-term machinery or equipment purchase

Information Needed to Apply

The documentation required may vary depending on the size and purpose of your loan request. In general, larger loans and/or projection-based loans require more documentation.  Personal and business information will include:

Personal Information

  • Names of owners and ownership percentages
  • Contact details
  • Birth date
  • Social Security number
  • Valid driver's license or passport information
  • Personal financial information
  • 3 years personal tax returns, including all schedules and K-1s

Business Information

  • Business name and contact details
  • Type of business
  • Business formation entity documents
  • Tax identification number
  • Previous government loan history
  • Management team information
  • Business plan (if applicable)
  • Business financial information
  • Business projections
  • 3 years business tax returns, including all schedules

Oklahoma State Bank prides itself in working with small businesses through an active partnership with the SBA to bring government-guaranteed loans to qualified businesses within our footprint.  Other SBA loan programs exist so call 405-260-2265 to visit with an SBA Lender today.