Bank of Western Oklahoma
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Western Oklahoma · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 1 | $58K | $58K | 4.5% |
| 115115 | Farm Labor Contractors and Crew Leaders | 1 | $48K | $48K | 4.5% |
| 484110 | General Freight Trucking, Local | 1 | $210K | $210K | 4.5% |
| 238910 | Site Preparation Contractors | 1 | $822K | $822K | 4.5% |
| 213112 | Support Activities for Oil and Gas Operations | 1 | $778K | $778K | 4.5% |
| 811111 | General Automotive Repair | 1 | $231K | $231K | 4.5% |
| 621320 | Offices of Optometrists | 1 | $160K | $160K | 4.5% |
Geographic Distribution
SBA lending activity for Bank of Western Oklahoma by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 22 | $4.1M | 100.0% |
Why Choose Bank of Western Oklahoma?
Based on SBA 7(a) lending track record from 1993-2011
- ✓Proven Track Record: 22 SBA loans approved, totaling $4.1M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Farm Labor Contractors and Crew Leaders, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 5.63% with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $20K to $822K, with an average of $188K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Bank of Western Oklahoma SBA lending
What types of businesses does Bank of Western Oklahoma typically finance?
Bank of Western Oklahoma specializes in SBA 7(a) lending to specific industries including landscaping services, farm labor contractors and crew leaders, general freight trucking, local, site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Western Oklahoma's typical SBA loan terms?
Bank of Western Oklahoma's SBA 7(a) loans typically feature an average interest rate of 5.63% and average term length of 98 months (approximately 8 years). Loan sizes range from $20K to $822K, with an average loan size of $188K.
Do I need a business valuation for a Bank of Western Oklahoma SBA loan?
Yes, Bank of Western Oklahoma typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Bank of Western Oklahoma compare to other SBA lenders?
Bank of Western Oklahoma has originated 22 SBA loans totaling $4.1M since 1993. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Bank of Western Oklahoma lend in?
Bank of Western Oklahoma provides SBA 7(a) financing with particularly strong presence in OK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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