Sooner State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Sooner State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722410 | Drinking Places (Alcoholic Beverages) | 1 | $90K | $90K | 7.7% |
| 238990 | All Other Specialty Trade Contractors | 1 | $83K | $83K | 7.7% |
| 562991 | Septic Tank and Related Services | 1 | $220K | $220K | 7.7% |
| 332420 | Metal Tank (Heavy Gauge) Manufacturing | 1 | $128K | $128K | 7.7% |
| 213112 | Support Activities for Oil and Gas Operations | 1 | $130K | $130K | 7.7% |
| 811111 | General Automotive Repair | 1 | $50K | $50K | 7.7% |
Geographic Distribution
SBA lending activity for Sooner State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 13 | $1.3M | 100.0% |
Why Choose Sooner State Bank?
Based on SBA 7(a) lending track record from 1993-2018
- ✓Proven Track Record: 13 SBA loans approved, totaling $1.3M in financing
- ✓Industry Expertise: Specialized focus on Drinking Places (Alcoholic Beverages), All Other Specialty Trade Contractors, Septic Tank and Related Services
- ✓Competitive Terms: Average interest rate of 6.29% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $20K to $220K, with an average of $99K
- ✓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 Sooner State Bank SBA lending
What types of businesses does Sooner State Bank typically finance?
Sooner State Bank specializes in SBA 7(a) lending to specific industries including drinking places (alcoholic beverages), all other specialty trade contractors, septic tank and related services, metal tank (heavy gauge) manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Sooner State Bank's typical SBA loan terms?
Sooner State Bank's SBA 7(a) loans typically feature an average interest rate of 6.29% and average term length of 129 months (approximately 11 years). Loan sizes range from $20K to $220K, with an average loan size of $99K.
Do I need a business valuation for a Sooner State Bank SBA loan?
Yes, Sooner State Bank 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 Sooner State Bank compare to other SBA lenders?
Sooner State Bank has originated 13 SBA loans totaling $1.3M 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 Sooner State Bank lend in?
Sooner State Bank 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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