Loans and Lines of Credit
As
Oklahoma's largest locally owned business lender, Bank of Oklahoma understands the needs
of local businesses like yours. We offer a comprehensive lending program tailored to fit
the needs of your business, allowing you better management and control of your cash flow
and growth. Secured and unsecured loans and lines of credit are available with a broad
range of interest rates and maturities.
Ready to apply? Call us today.
BusinessSolution Loans
BOk's customized loan offering will simplify your business banking needs by giving you access to the resources needed to finance your business.
| Product Type |
Maximum Amount |
Minimum Amount |
Fixed or Variable Rate |
Maximum Terms |
| Revolving Line of Credit |
$2.5 million |
$5,000 |
Variable |
Revolving |
| Real Estate Equity Line of Credit |
$2.5 million |
$25,000 |
Variable |
Revolving |
| Equipment or Vehicle Term Loan |
$2.5 million |
$2,500 |
Both |
Up to 7 yrs. |
| Real Estate Term Loan |
$2.5 million |
$25,000 |
Both |
Up to 20 yrs. |
Working Capital Loans
These revolving lines of credit can be made for seasonal or permanent purposes in order to help you:
- Fund temporary increases in inventory due to normal fluctuations in the operating cycle
- Purchase current assets or pay current liabilities as a substitute for owner's equity
- Replenish working capital used for fixed asset or other long term purchases
Term Loans
Let BOk supply your business with:
- New and Used Equipment Financing
- Real Estate Financing
- New and Used Vehicle Financing
- Construction Financing
Equipment Leasing
BOk can structure leasing transactions to meet your preferred tax and accounting needs
and provide flexible purchase and return options. Leasing allows you to:
- Obtain 100% financing
- Pay for equipment as you use it
- Improve management and accounting of equipment cost
- Conserve cash by paying with pre-tax dollars
- Secure fixed payments
- Protect against technological obsolescence
- Conserve your lines of credit
Small Business Administration (SBA) Loans
SBA Loans are made and administered by Bank of Oklahoma and the SBA guarantees a portion
of each loan. BOk is a SBA Certified and Preferred Lender, which means easier applications
and quicker approvals for you.
Features of SBA Loans include:
- Eligibility - A wide array of owner operated and managed-for-profit businesses -
from retail to wholesale, from manufacturing to service - are eligible for loans.
Proprietorships, partnerships, and corporations are eligible.
- SBA Guarantee - The SBA guarantees up to 85 percent for loans less than $150,000
and up to 75 percent for loans over $150,000. The maximum loan amount is $2,000,000, and the
amount of the SBA’s guarantee to BOk cannot, by law, exceed $1,500,000.
- Rates and Terms - Interest rates can be adjusted monthly, quarterly or
semiannually, and a ceiling can be placed on the rates for the life of the loan. Fixed
rates are available under certain circumstances. Terms for BOk SBA Loans depend on the use
of the proceeds, with maximum terms ranging from 7 years for working capital, to 25 years
for buildings and real estate.
Types of SBA Loans available:
Click here to submit an SBA Online Request.
Need more information on BOk SBA loans? Contact Us.
Small Business Administration: www.sba.gov
International Services
BOk is equipped to handle all of your exporting/importing needs including:
Useful links to related sites:
The Export-Import Bank of the United States: www.exim.gov
Contact Us
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