Whether you’re expanding your building or moving to a new location First State Bank can help you acquire the space you need to get your business done.
We specialize in commercial and residential construction lending. Builders have the use of our First State Bank mortgage lenders for permanent home loans, too.
The cycle of your business determines your cash flow requirements. Whether you need to finance account receivables, purchase inventory, or borrow short-term for other business purposes, a working capital line of credit may help to provide the cash flow you need.
First State Bank is ready to help you reach your business goals. If it’s special equipment you need to get the job done.
Farming and ranching has been and always will be an important part of the Oklahoma economy. We understand the demands of farming and ranching, and we are here to help you meet those demands.
The US Small Business Administration is a federal agency established by Congress in 1953 to help new businesses get started and establish their growth. The mission of the agency is to aid, counsel, assist and protect the interest of small business.
First State Bank is an approved SBA lender and currently offers:
Advantages of SBA Loans include:
Business Industry Loans – The Business and Industry (B&I) Guaranteed Loan Program helps create jobs and stimulates rural economies by providing financial backing for rural businesses. This program provides guarantees up to 80 percent of a loan made by a commercial lender. Loan proceeds may be used for working capital, machinery and equipment, buildings and real estate, and certain types of debt refinancing.
The primary purpose of this program is to create and maintain employment and improve the economic lending capability of private lender in rural areas, helping them make and service equality loans that provide lasting community benefits. This program represents a true private-public partnership.
FSA makes guaranteed farm ownership and operating loans to family-size farmers and ranchers. FSA loans can be used to purchase land, livestock, equipment, feed, seed, and supplies. FSA loans can also be used to construct buildings or make farm improvements. FSA guaranteed loans provide conventional agricultural lenders with up to a 95 percent guarantee of the principal loan amount. All loans must meet certain qualifying criteria to be eligible for guarantees.