Oklahoma's Federal Credit Union
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Oklahoma's Federal Credit Union
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $1.6M | $98K | 25.0% |
| 423210 | Furniture Merchant Wholesalers | 16 | $2.8M | $175K | 25.0% |
| 561730 | Landscaping Services | 8 | $640K | $80K | 12.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 8 | $936K | $117K | 12.5% |
| 441120 | Used Car Dealers | 8 | $2.3M | $285K | 12.5% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 8 | $2.0M | $250K | 12.5% |
Geographic Distribution
SBA lending activity for Oklahoma's Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 64 | $10.2M | 100.0% |
Why Choose Oklahoma's Federal Credit Union?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $10.2M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Furniture Merchant Wholesalers, Landscaping Services
- ✓Competitive Terms: Average interest rate of 8.48% with flexible term lengths averaging 92 months
- ✓Loan Range: Loan sizes from $20K to $285K, with an average of $160K
- ✓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 Oklahoma's Federal Credit Union SBA lending
What types of businesses does Oklahoma's Federal Credit Union typically finance?
Oklahoma's Federal Credit Union specializes in SBA 7(a) lending to specific industries including full-service restaurants, furniture merchant wholesalers, landscaping services, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Oklahoma's Federal Credit Union's typical SBA loan terms?
Oklahoma's Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 8.48% and average term length of 92 months (approximately 8 years). Loan sizes range from $20K to $285K, with an average loan size of $160K.
Do I need a business valuation for a Oklahoma's Federal Credit Union SBA loan?
Yes, Oklahoma's Federal Credit Union 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 Oklahoma's Federal Credit Union compare to other SBA lenders?
Oklahoma's Federal Credit Union has originated 64 SBA loans totaling $10.2M 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 Oklahoma's Federal Credit Union lend in?
Oklahoma's Federal Credit Union 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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