First Bank of Owasso
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by First Bank of Owasso
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 512110 | Motion Picture and Video Production | 16 | $1.7M | $105K | 8.7% |
| 713940 | Fitness and Recreational Sports Centers | 16 | $1.7M | $109K | 8.7% |
| 621511 | Medical Laboratories | 16 | $5.8M | $363K | 8.7% |
| 722513 | Limited-Service Restaurants | 8 | $1.4M | $180K | 4.3% |
| 621320 | Offices of Optometrists | 8 | $1.2M | $150K | 4.3% |
| 711510 | Independent Artists, Writers, and Performers | 8 | $1.0M | $126K | 4.3% |
| 561730 | Landscaping Services | 8 | $328K | $41K | 4.3% |
| 812910 | Pet Care (except Veterinary) Services | 8 | $929K | $116K | 4.3% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $1.3M | $165K | 4.3% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 8 | $200K | $25K | 4.3% |
Geographic Distribution
SBA lending activity for First Bank of Owasso by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 184 | $27.7M | 100.0% |
Why Choose First Bank of Owasso?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 184 SBA loans approved, totaling $27.7M in financing
- ✓Industry Expertise: Specialized focus on Motion Picture and Video Production, Fitness and Recreational Sports Centers, Medical Laboratories
- ✓Competitive Terms: Average interest rate of 7.71% with flexible term lengths averaging 73 months
- ✓Loan Range: Loan sizes from $10K to $675K, with an average of $150K
- ✓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 First Bank of Owasso SBA lending
What types of businesses does First Bank of Owasso typically finance?
First Bank of Owasso specializes in SBA 7(a) lending to specific industries including motion picture and video production, fitness and recreational sports centers, medical laboratories, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Bank of Owasso's typical SBA loan terms?
First Bank of Owasso's SBA 7(a) loans typically feature an average interest rate of 7.71% and average term length of 73 months (approximately 6 years). Loan sizes range from $10K to $675K, with an average loan size of $150K.
Do I need a business valuation for a First Bank of Owasso SBA loan?
Yes, First Bank of Owasso 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 First Bank of Owasso compare to other SBA lenders?
First Bank of Owasso has originated 184 SBA loans totaling $27.7M since 2020. 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 First Bank of Owasso lend in?
First Bank of Owasso 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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