Welch State Bank of Welch, Okla
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Welch State Bank of Welch, Okla
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238990 | All Other Specialty Trade Contractors | 24 | $638K | $27K | 16.7% |
| 621610 | Home Health Care Services | 16 | $35.5M | $2.2M | 11.1% |
| 488410 | Motor Vehicle Towing | 16 | $1.5M | $92K | 11.1% |
| 311611 | Animal (except Poultry) Slaughtering | 16 | $3.9M | $245K | 11.1% |
| 115112 | Soil Preparation, Planting, and Cultivating | 8 | $1.4M | $181K | 5.6% |
| 445240 | Other | 8 | $802K | $100K | 5.6% |
| 516210 | Other | 8 | $1.5M | $182K | 5.6% |
| 484110 | General Freight Trucking, Local | 8 | $410K | $51K | 5.6% |
| 722511 | Full-Service Restaurants | 8 | $537K | $67K | 5.6% |
| 457210 | Other | 8 | $2.2M | $270K | 5.6% |
Geographic Distribution
SBA lending activity for Welch State Bank of Welch, Okla by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 128 | $51.8M | 88.9% |
| Kansas (KS) | 16 | $967K | 11.1% |
Why Choose Welch State Bank of Welch, Okla?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 144 SBA loans approved, totaling $52.8M in financing
- ✓Industry Expertise: Specialized focus on All Other Specialty Trade Contractors, Home Health Care Services, Motor Vehicle Towing
- ✓Competitive Terms: Average interest rate of 8.02% with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $18K to $2.3M, with an average of $366K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in OK, KS
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 Welch State Bank of Welch, Okla SBA lending
What types of businesses does Welch State Bank of Welch, Okla typically finance?
Welch State Bank of Welch, Okla specializes in SBA 7(a) lending to specific industries including all other specialty trade contractors, home health care services, motor vehicle towing, animal (except poultry) slaughtering. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Welch State Bank of Welch, Okla's typical SBA loan terms?
Welch State Bank of Welch, Okla's SBA 7(a) loans typically feature an average interest rate of 8.02% and average term length of 113 months (approximately 9 years). Loan sizes range from $18K to $2.3M, with an average loan size of $366K.
Do I need a business valuation for a Welch State Bank of Welch, Okla SBA loan?
Yes, Welch State Bank of Welch, Okla 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 Welch State Bank of Welch, Okla compare to other SBA lenders?
Welch State Bank of Welch, Okla has originated 144 SBA loans totaling $52.8M 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 Welch State Bank of Welch, Okla lend in?
Welch State Bank of Welch, Okla provides SBA 7(a) financing with particularly strong presence in OK, KS. 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?
Professional valuations are often required for SBA loans over $250,000.
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