Farmers State Bank, Allen, Oklahoma
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Farmers State Bank, Allen, Oklahoma · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 326140 | Polystyrene Foam Product Manufacturing | 1 | $650K | $650K | 25.0% |
| 311423 | Dried and Dehydrated Food Manufacturing | 1 | $93K | $93K | 25.0% |
Geographic Distribution
SBA lending activity for Farmers State Bank, Allen, Oklahoma by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 4 | $903K | 100.0% |
Why Choose Farmers State Bank, Allen, Oklahoma?
Based on SBA 7(a) lending track record from 2003-2008
- ✓Proven Track Record: 4 SBA loans approved, totaling $903K in financing
- ✓Industry Expertise: Specialized focus on Polystyrene Foam Product Manufacturing, Dried and Dehydrated Food Manufacturing
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $40K to $650K, with an average of $226K
- ✓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 Farmers State Bank, Allen, Oklahoma SBA lending
What types of businesses does Farmers State Bank, Allen, Oklahoma typically finance?
Farmers State Bank, Allen, Oklahoma specializes in SBA 7(a) lending to specific industries including polystyrene foam product manufacturing, dried and dehydrated food manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Farmers State Bank, Allen, Oklahoma's typical SBA loan terms?
Farmers State Bank, Allen, Oklahoma's SBA 7(a) loans typically feature an average interest rate of — and average term length of 111 months (approximately 9 years). Loan sizes range from $40K to $650K, with an average loan size of $226K.
Do I need a business valuation for a Farmers State Bank, Allen, Oklahoma SBA loan?
Yes, Farmers State Bank, Allen, 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 Farmers State Bank, Allen, Oklahoma compare to other SBA lenders?
Farmers State Bank, Allen, Oklahoma has originated 4 SBA loans totaling $903K since 2003. 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 Farmers State Bank, Allen, Oklahoma lend in?
Farmers State Bank, Allen, 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.
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Certified valuations are often required for SBA loans over $250,000.
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