First Oklahoma Bank
At a Glance
A bank whose SBA page says buy a business before anything else and names nobody to call; the use is first and the desk is a phone line.
- Pricing
- Custom Pricing, Loan products. No size, rate, fee or term of its own is published for the SBA loan; its SBA page restates the program's 7(a) ceiling in its questions. Its commercial loans page promises low down payment options, competitive rates and flexible terms, with construction terms up to five years and total financing for equipment.
- Best For
- A buyer in the Tulsa or Oklahoma City area who wants a bank whose SBA page puts buying a business first and decides in Oklahoma, and will call or visit a branch to start.
- Roadmap Stages
- 5. Diligence & Close the Deal
Pros and Cons
Pros
- Puts Buy A Business first of three uses on its SBA page, with an established brand, customer base and operations as the reason
- Says the 7(a) is the program it most commonly uses, for starting, acquiring or expanding a small business
- Says its lenders make decisions in Oklahoma, with a headquarters in Jenks and a loan production office in Oklahoma City by its pages
- A schedule-an-appointment form and the bank's main number on the SBA page
Cons
- States no program status: no page calls it a Preferred Lender or names Express, and the 504 is never mentioned
- No size, rate, fee or term of its own for the SBA loan; its commercial page gives a construction term and nothing else in figures
- No SBA banker or team is named, a commercial banker is named without a line, and no named person on its site carries a phone
- Names no search fund, searcher or acquisition entrepreneur
What Searchers Say
Read on its SBA page, its commercial loans and business banking pages, its success stories, about, news and contact pages, and two posts, on its Oklahoma City office and on its executive chairman's fifty years in banking. No searcher-forum discussion of the desk was found.