| Tulsa Lending Fair ScheduledSBA is partnering with SCORE to offer small businesses a chance to meet face-to-face with you to discuss lending needs. The Oklahoma Small Business Lending Fair in Tulsa is an excellent opportunity to market your services to multiple small businesses at one location. This event will feature a series of 15 - minute "pitch periods" for each entrepreneur to present their financing needs to a lender one-on-one, before moving to the next lender to present again. Lenders will schedule detailed interviews for a later date with entrepreneurs who may be a match with your bank. Representatives from SCORE will be on hand to help entrepreneurs with business plans, projected financials etc. or schedule follow up appointments. To ensure that the event's potential borrowers are qualified, SBA will ask each participant to bring the following information to the event: - Cover Sheet containing all contact info and business information
- Detailed Loan Request – providing a breakdown of Use of Proceeds
- Up-to-Date Business Plan –(3 Years Historical Financial Statements and/or 2 Years of Projections encouraged but not required)
- Personal Financial Statement (encouraged but not required)
- Credit Report (not required, but have idea of credit score)
- List of Available Collateral
Your participation is critical to the success of this event. The Oklahoma Small Business Lending Fair will be held Sept 18 from 8:30am – 1pm in room 1 of the Training Center, Lemley Campus of Tulsa Tech, 3638 S Memorial Drive, Tulsa. Prior to the event SCORE will supply materials and counseling to participants to ensure high quality, valuable and productive interactions. Addtionally SBA will offer a brief webinar to familiarize lenders with the process prior to the fair. SCORE is managing the event and will collect $25 from each participating financial institution to cover event costs. SPACE IS LIMITED to 12 Lenders! For more information and make a reservation contact Cindi Carter, SBA Lender Relations Specialist, at 405/609-8018 by August 29, 2014. National Ombudsman Visits Durant  Small business owners, representatives of local economic development organizations, trade groups and community leaders joined U.S. Small Business Administration National Ombudsman Brian Castro to discuss federal regulatory issues impacting American Indian, Alaska Native and Native Hawaiian small businesses in Durant on Monday, August 11, 2014. This event, held in conjunction with the American Indian Chamber of Commerce Business Summit, provided local small businesses a chance to voice concerns about unfair regulatory enforcement, excessive fines, retaliation, burdensome regulations and other regulatory issues involving federal agencies. Pictured above are Dottie Overal, Oklahoma District Director; Kay Bills, Regulatory Fairness Board Member; Brian Castro, National Ombudsman; and Niles Friedman, Senior Advisor. | July Top Lenders & CDCs Top Volume Lenders by number of loans - BancFirst, 98 loans, $37,354,600
- Arvest Bank, 33 loans, $9,701,600
- First United Bank & Trust Co., 21 loans, $20,013,700
- JPMorgan Chase Bank, N.A., 20 loans, $5,164,000
- Security Bank, 10 loans, $2,738,600
- First Oklahoma Bank, 9 loans, $11,543,300
- BOKF, N.A., 9 loans, $1,902,500
- MidFirst Bank, 8 loans, $1,763,400
- Wells Fargo Bank, N.A., 7 loans, $2,564,600
- First Financial Bank, 7 loans, $1,317,100
Top Volume CDCs by number of loans - Rural Enterprises of Oklahoma, Inc., 13 loans, $10,882,000
- Small Business Capital Corp., 7 loans, $1,916,000
- Metro Area Development Corp., 6 loans, $2,673,000
- Tulsa Economic Development Corp., 2 loans, $1,397,000
Top Volume Lenders by dollar value of loans - BancFirst, 98 loans, $37,354,600
- First United Bank & Trust Co., 21 loans, $20,013,700
- First Oklahoma Bank, 9 loans, $11,543,300
- Arvest Bank, 33 loans, $9,701,600
- The First State Bank, OKC, 6 loans, $6,236,300
- JPMorgan Chase Bank, N.A., 20 loans, $5,164,000
- Ameristate Bank, 3 loans, $5,130,000
- Grand Bank, 4 loans, $5,021,000
- Peoples Bank, 1 loan, $4,380,000
- Live Oak Banking Company, 4 loans, $4,000,000
Top Volume CDCs by dollar value of loans - Rural Enterprises of Oklahoma, Inc., 13 loans, $10,882,000
- Metro Area Development Corp., 6 loans, $2,673,000
- Small Business Capital Corp., 7 loans, $1,916,000
- Tulsa Economic Development Corp., 2 loans, $1,397,000
504 Participating Lenders - American Bank & Trust Co., 1 loan, $573,155
- BancCentral, N.A., 1 loan, $2,240,000
- BancFirst, 2 loans, $604,750
- BOKF, N.A., 1 loan, $1,255,291
- Commerce Bank, 1 loan, $400,000
- Community National Bank & Trust, 1 loan, $2,122,500
- Cornerstone Bank, 1 loan, $635,000
- Farmers State Bank, Allen, 1 loan, $821,781
- First Bank & Trust Co., 1 loan, $691,500
- First Bank of Owasso, 1 loan, $175,000
- FNB Community Bank, 1 loan, $900,000
- Heritage Bank, 1 loan, $1,093,000
- Idabel National Bank, 1 loan, $910,000
- JPMorgan Chase Bank, N.A., 1 loan, $395,713
- Legacy Bank, 1 loan, $294,217
- Oklahoma Central Credit Union, 1 loan, $433,364
- Oklahoma State Bank, 1 loan, $2,890,510
- Prime Bank, 1 loan, $457,853
- Quail Creek Bank, N.A., 2 loans, $3,664,000
- RCB Bank, 1 loan, $210,000
- Regent Bank, 1 loan, $457,500
- Republic Bank & Trust, 1 loan, $950,000
- Security Bank, 2 loans, $450,950
- UNKNOWN, 1 loan, $163,500
- Valliance Bank, 1 loan, $329,615
July FY2014 Lending - 48 Loans Approvals by lending program - SBAExpress, 16
- ExportExpress, 1
- 7(a) Small Loans, 7
- PLP, 14
- 7(a), 8
- 504, 2
Approvals of Start Ups vs. Existing Borrowers Approvals by County - Canadian, 3
- Carter, 1
- Cleveland, 6
- Craig, 2
- Delaware, 1
- Jackson, 1
- Kay, 1
- Latimer, 1
- Oklahoma, 13
- Okmulgee, 1
- Payne, 2
- Tulsa, 15
- Washington, 1
Loan Approvals by Industry - All Other Health and Personal Care Stores, 1
- All Other Miscellaneous Fabricated Metal Product Manufacturing, 1
- All Other Outpatient Care Centers, 1
- All Other Professional, Scientific, and Technical Services, 1
- All Other Specialty Trade Contractors, 2
- Amusement and Theme Parks, 1
- Automotive Body, Paint, and Interior Repair and Maintenance, 1
- Child Day Care Services, 2
- Engineering Services, 1
- Fitness and Recreational Sports Centers, 1
- General Automotive Repair, 1
- Gift, Novelty, and Souvenir Stores, 1
- Home Health Care Services, 1
- Hotels (except Casino Hotels) and Motels, 1
- Independent Artists, Writers, and Performers, 1
- Industrial Machinery and Equipment Merchant Wholesalers, 1
- Lessors of Nonresidential Buildings (except Miniwarehouses), 2
- Meat Markets, 1
- Meat Processed from Carcasses, 2
- Office Administrative Services, 1
- Offices of Chiropractors, 2
- Offices of Dentists, 1
- Offices of Optometrists, 2
- Offices of Physicians (except Mental Health Specialists), 1
- Other Building Material Dealers, 1
- Other Foundation, Structure, and Building Exterior Contractors, 1
- Other Grocery and Related Products Merchant Wholesalers, 1
- Other Support Activities for Road Transportation, 1
- Roofing Contractors, 1
- Support Activities for Oil and Gas Operations, 1
- Tax Preparation Services, 1
- Veterinary Services, 2
- TBD, 9
Top Ten Loan Approvals - BB Academy OKC North, LLC, OKLAHOMA CITY, $4,556,300, BANCFIRST
- Pride Hospitality LLC, Broken Arrow, $4,380,000, PEOPLES BANK
- Oklahoma Veterinary Surgery, LLC, Tulsa, $3,525,000, FIRST UNITED BK & TR CO
- MY SMALL WONDERS, INC., Edmond, $2,590,400, JPMORGAN CHASE BANK NATL ASSOC
- City Group, LLC, OKLAHOMA CITY, $2,295,000, BANCFIRST
- Live Well Home Care, LLC, Tulsa, $1,400,000, GRAND BANK
- JWSDPS, LLC, OKLAHOMA CITY, $1,000,000, FIRST UNITED BK & TR CO
- ETC Properties of Tulsa, LLC, Broken Arrow, $874,600, MIDFIRST BANK
- GPSS Moore, LLC, Moore, $791,200, CBC NATIONAL BANK
- Klinger's Collision Center LLC, Ponca City, $660,000, THE EASTMAN NATIONAL BANK
Oklahoma District ContactsDistrict Director Dorothy "Dottie" Overal 405-609-8011 dorothy.overal@sba.gov Deputy District Director Tim Jeffcoat 405-609-8020 timothy.jeffcoat@sba.gov Lead Lender Relations Specialist Sandra Ransome 405-609-8019 sandra.ransome@sba.gov Lender Relations Specialist Cindi Carter 405-609-8018 cindi.carter@sba.gov Program Support Assistant Tara Pennington 405-609-8023 tara.pennington@sba.gov The Lender's Advantage is published by the U.S. Small Business Administration's Oklahoma District Office, located at 301 N.W. 6th St. Suite 116, Oklahoma City, OK 73102, to provide relevant and timely information to Oklahoma lenders. For questions or more information, call Larry Weatherford, 405-609-8012 or email Larry.Weatherford@sba.gov. | |
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