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Small business loans are available from many SBA lenders. Here are the most active Oklahoma City SBA lenders:
Top SBA Lenders in Oklahoma City
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | BancFirst | Oklahoma City, OK | 55 | $662,513 | 8.8% |
| 2 | Newtek Bank | Miami, FL | 20 | $315,000 | 11.3% |
| 3 | Northeast Bank | Lewiston, ME | 17 | $165,776 | 10.8% |
| 4 | Huntington Bank | Columbus, OH | 13 | $345,046 | 9.9% |
| 5 | Live Oak | Wilmington, NC | 11 | $1,160,727 | 9.6% |
| 6 | First United Bank and Trust | Durant, OK | 10 | $799,120 | 9.6% |
| 7 | Readycap Lending, LLC | Berkeley Heights, NJ | 10 | $134,650 | 13.6% |
| 8 | JPMorgan Chase Bank | Columbus, OH | 9 | $153,889 | 12.6% |
| 9 | United Midwest Savings Bank | De Graff, OH | 8 | $710,500 | 10.3% |
| 10 | BayFirst National Bank | Saint Petersburg, FL | 8 | $339,375 | 12.9% |
| 11 | First Pryority Bank | Pryor, OK | 5 | $1,773,320 | 8.8% |
| 12 | Bank of George | Las Vegas, NV | 4 | $1,999,500 | 9.0% |
| 13 | Gbank | Las Vegas, NV | 4 | $1,999,500 | 9.0% |
| 14 | Falcon National Bank | Foley, MN | 4 | $815,200 | 10.4% |
| 15 | Celtic Bank | Salt Lake City, UT | 4 | $762,000 | 10.9% |
| 16 | MidFirst Bank | Oklahoma City, OK | 3 | $756,733 | 7.8% |
| 17 | Great Plains National Bank | Elk City, OK | 3 | $622,500 | 9.5% |
| 18 | New York, NY | 3 | $357,000 | 10.0% | |
| 19 | Port 51 Lending | New York, NY | 3 | $357,000 | 10.0% |
| 20 | Associated Bank | New York, NY | 3 | $357,000 | 10.0% |
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for OKC SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.
Introduction
With its low cost of doing business and a growing economy, Oklahoma City is a prime location for entrepreneurs and small business owners. One of the most effective ways to fund new ventures or fuel growth is through SBA loans in Oklahoma City, OK. These government-backed loans offer low down payments, longer terms, and easier qualification standards—making them an ideal financing solution for businesses across the metro area.
SBA Lending in Oklahoma City OK: Last Year Overview
Oklahoma City showed robust SBA loan activity last year, reflecting a strong commitment to small business development. Based on SBA data:
- Total SBA Loans Issued: $139,728,500
- Number of SBA Loans: 181
- Average Loan Amount: $772,549
- Average Interest Rate: 7.69%
- Jobs Supported: 1,758
Oklahoma City secured the #58 spot nationally on SBAlenders.com’s rankings of top SBA loan cities—solidifying its place as a major small business hub in the South Central U.S.
Success Stories of Small Businesses in Oklahoma City OK
Several businesses in Oklahoma City made a major employment impact in 2023 by leveraging SBA financing. The five leading employers supported through SBA loans include:
- Sooner Logistics Group, LLC – 172 jobs supported
- Heartland Mechanical Services, Inc. – 149 jobs supported
- Metro Tech Distributors, LLC – 135 jobs supported
- Red River Rehabilitation Center – 123 jobs supported
- OKC Freight Solutions, Inc. – 109 jobs supported
These businesses used SBA loans to expand their operations and create meaningful job opportunities across the city.
Overview of SBA Loan Program in Oklahoma City OK
The SBA 7(a) loan is the most common SBA loan product in Oklahoma City, known for its flexibility and broad range of uses. Key program details include:
- Loan Amounts: Up to $5 million
- Terms: 10 years for equipment or working capital; 25 years for real estate
- Down Payment: Typically 10%–20%
- Uses: Buy a business, purchase equipment, acquire real estate, working capital
- Credit Score: Ideally 680+
- Collateral: Not required, but lenders secure what’s available
- Interest Rates: Slightly higher than conventional loans – check SBA interest rates
- Cash Flow Requirement: Must show EBITDA at 115%+ of loan payments – estimate using this SBA loan payment calculator
SBA loans also differ from traditional commercial loans with lower down payments, longer repayment terms, and fewer loan covenants. For more details, compare SBA vs conventional loans.
Surrounding Areas
Oklahoma City’s economic influence extends well into its surrounding suburbs and towns. Nearby population centers include:
- Bethany
- Del City
- Edmond
- El Reno
- Midwest City
- Moore
- Mustang
- Newcastle
- Noble
- Norman
- Piedmont
- Shawnee
- The Village
- Warr Acres
- Yukon
Resources for Small Businesses in Oklahoma City OK
Oklahoma City entrepreneurs benefit from a range of helpful local resources:
- SBA Oklahoma District Office – Local SBA support, workshops, and lender connections
- Oklahoma Small Business Development Center (OKSBDC) – Offers business counseling and training
- Oklahoma City SCORE Chapter – Free mentoring, tools, and educational events
- Oklahoma City Chamber of Commerce – Advocacy, networking, and small business services
- REI Oklahoma – SBA microlending and entrepreneurial support services
SBA Lenders in Oklahoma City OK
Traditional small business loans can be tough to qualify for—but SBA loans offer a more accessible alternative, backed by federal guarantees. In Oklahoma City, SBA lenders have extensive experience working with both startups and growing companies, offering financing solutions that support real-world business needs.
Through SBA 7(a) and 504 loans, businesses can secure up to $5 million for everything from equipment purchases to real estate and payroll.
Searching for SBA loans near me in Oklahoma City OK? Use the list below to connect with the best SBA lenders in your area offering fast approvals and flexible terms:
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 7 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | $315,000 | 8.0% |
| 20 | All Other Professional, Scientific, and Technical Services | 5 | $162,200 | 9.5% |
| 6 | Assisted Living Facilities for the Elderly | 2 | $392,750 | 9.6% |
| 12 | Barber Shops | 2 | $835,500 | 8.8% |
| 11 | Couriers and Express Delivery Services | 6 | $1,134,617 | 10.1% |
| 17 | Custom Computer Programming Services | 4 | $1,300,000 | 11.5% |
| 9 | Drywall and Insulation Contractors | 4 | $275,000 | 10.5% |
| 13 | Gasoline Stations with Convenience Stores | 3 | $481,000 | 9.3% |
| 20 | Landscaping Services | 2 | $103,200 | 11.3% |
| 18 | New Single-Family Housing Construction (except For-Sale Builders) | 4 | $300,000 | 11.9% |
| 18 | Offices of Certified Public Accountants | 2 | $611,550 | 8.0% |
| 17 | Offices of Chiropractors | 3 | $379,067 | 10.7% |
| 13 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 2 | $262,500 | 9.9% |
| 19 | Other Accounting Services | 9 | $357,000 | 10.0% |
| 11 | Other Building Finishing Contractors | 2 | $813,800 | 8.6% |
| 16 | Other Computer Related Services | 5 | $235,660 | 8.8% |
| 16 | Other Services to Buildings and Dwellings | 3 | $350,267 | 9.9% |
| 7 | Pharmacies and Drug Retailers | 2 | $1,010,000 | 8.5% |
| 12 | Poured Concrete Foundation and Structure Contractors | 5 | $356,000 | 9.9% |
| 14 | Retail Bakeries | 3 | $383,633 | 9.3% |
Summary
From rising startups to expanding enterprises, small businesses across Oklahoma City are thriving with the help of SBA financing. These loans offer reliable, affordable capital and are backed by experienced local lenders who understand what it takes to succeed. Whether you need working capital, new space, or a strategic acquisition, now is the perfect time to connect with top SBA lenders in Oklahoma City OK.