
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 |
|
|
SBA 7(a) Real Estate Loan |
|
|
SBA 504 Loan |
|
|
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.