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Oklahoma Small Business Loans

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  • Get funds as fast as 24 hours
  • Applying won’t impact your credit score
By Erin Ryan Senior Writer, Editor and Social Community Manager at Fast Capital 360 Reviewed By Mike Lucas
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Loan Overview

  • Loan Amount Up to $500,000
  • Estimated Repayment Terms 1-5 Years
  • Interest Rate Starting at 7%
  • Speed of Funding As fast as 1 day

If you need capital to run your venture in the Sooner State, you’ve landed on the right webpage. Here are several lenders offering Oklahoma small business loans, including Small Business Administration (SBA) loans. Discover other helpful resources and organizations for entrepreneurs in the state, too.


Oklahoma’s Small Business Landscape

Oklahoma is home to more than 358,600 small businesses, which employ more than 710,200 workers, according to the SBA.

Top industries in the state include:

  • Agriculture
  • Forestry
  • Manufacturing
  • Energy 
  • Transportation
  • Food processing

5 Banks for Business Loans in Oklahoma

Whether you’re in search of Small Business Administration loans in Oklahoma or another type of loan program, here are a number of conventional lenders to consider.

1. BancFirst

BancFirst has been in operation for more than 30 years and is a top SBA lender in the state. The bank offers SBA 504 loans for Oklahoma businesses as well as 7(a) loans. Other financing options include: 

  • Business term loans
  • Working capital loans
  • Construction loans
  • Energy loans
  • Agribusiness loans
  • Special purpose loans
  • Commercial real estate loans

BancFirst is accredited with the Better Business Bureau, where it’s A+ rated. It’s also earned a 3.3-star rating on WalletHub.

2. Great Plains Bank

Although the name has changed, this bank has been in existence since 1907. Today, it’s A+ rated with the BBB and offers the following business funding options:

  • Business credit cards
  • Equipment loans
  • Real estate loans
  • Working capital loans
  • Accounts receivable financing 
  • Agricultural and livestock purchase loans
  • Construction and development financing

3. Security Bank

When you’re searching for SBA lenders in Oklahoma, here’s another financing provider to consider. This bank has earned a 4.2-star Google rating and is A+ rated with the BBB.

Complete an SBA loan application at this Oklahoma bank or apply for one of the following: 

  • Term loans
  • Lines of credit
  • Business credit cards
  • Commercial real estate loans

4. MidFirst Bank 

MidFirst Bank has earned a 4.2-star rating on WalletHub. It’s also accredited and A+ rated with the BBB. Funding available here includes the following:

  • Asset-based lending
  • Business credit cards
  • Real estate lending
  • Business term loans
  • Business lines of credit

Additionally, MidFirst offers Oklahoma SBA loans, including 504, 7(a) and Express loans.

5. First Oklahoma Bank

First Oklahoma Bank has earned a 3.9-star Facebook rating and a 3.6-star Google rating. It’s an SBA Oklahoma lender as well as a funding provider of the following:

  • Business credit cards
  • Working capital loans
  • Business lines of credit
  • Fixed business term loans
  • Real estate loans

Alternative Financing Options in Oklahoma

Apart from banks, many small business owners today are opting to work with online nonbank lenders for their funding needs. These lenders are able to offer alternative financing options, such as merchant cash advances in Oklahoma and throughout the U.S. 

Although financing terms and rates are less competitive than those offered through banks and credit unions, applications are streamlined and funds are dispersed to approved borrowers extremely fast, much quicker than seen with conventional lenders.

  • Applying for Business Funding in Oklahoma Through Fast Capital 360

    Whether you’re in search of SBA loans for your Oklahoma City business, a line of credit for your Tulsa venture or a merchant cash advance in Oklahoma elsewhere in the state, we can help. 

    Here’s how:

    Speed

    A few minutes is all it takes to complete our online application, which doesn’t impact your credit. Plus, once approved, you could receive your funds within 1 day. 

    Multiple Offers

    We work with SBA loan lenders in Oklahoma as well as lenders of other funding options, including lines of credit and short-term financing. That means your single application could return multiple offers. 

    Expert Guidance

    Speak with one of our Business Advisors to review the details of your financing offer. Then select the option that’s best for your business. 

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Additional Resources for Entrepreneurs in Oklahoma

In addition to funding resources, consider what organizations in the state you can turn to for help growing your business, whether you’re just starting out or a seasoned entrepreneur.

SCORE

This nationwide nonprofit organization has been assisting small business owners since the 1970s. In Oklahoma, locations are available in Oklahoma City and Tulsa. Here, entrepreneurs can find complimentary, no-cost business mentoring and free or low-cost training workshops on a number of business topics. There also is a library of online resources, which includes articles, document templates, videos and more.

Oklahoma Department of Commerce

Head to the Oklahoma Department of Commerce for help with starting, expanding or relocating a business. Get assistance with business licenses and permits or meet with a business development specialist to network with industry contacts and review your needs and available incentives.

Oklahoma Small Business Development Centers

Visit your local Small Business Development Center, based in Durant, Okla., and take advantage of free 1-on-1 business advising. Participate in a free or low-cost workshop on a variety of business topics, such as taxes, ecommerce, credit repair, cybersecurity, budgeting and more. Technical assistance and trade advisory services also are available.

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