Business Loans

Provide your business with the financing it needs to grow. From obtaining working capital to purchasing a new investment property, we're prepared to facilitate your next endeavor with a custom financing package. Our experienced lenders are committed to listening to your needs and finding the right solution. With local decision-making, we make the prompt lending decisions required to keep your business running efficiently. We understand that business involves risk, and we make your success our priority.

In order to find the best solutions for your unique business needs, your loan officer will get to know you by asking questions that help him/her understand your particular situation. Part of this process also involves reviewing your financial information. We realize that providing you with the right loan is critical. We will work hard to deliver the financing solution that will help you succeed.

When you apply for a business loan, your loan officer may request the following documentation in order to properly review your application:

Existing Businesses
  • 3 years of Historical Business Financial Statement
  • Most recent interim Business Financials
  • Last 3 years Business Tax Returns
  • Personal Financial Statement
  • Depending on the purpose of the loan you are requesting, you may be asked to provide the following:
    • Accounts Receivable and Accounts Payable Agings
    • Inventory List
    • Business Loan Application
New Businesses
Buy, build, or expand with a loan that is customized to fit your need. Real estate loans are available for both investment and owner-occupied properties. We finance residential investment properties, including multi-family units, office, industrial, and retail properties. If your business venture is leading you to build or renovate, construction and land development loans are also available.
We offer customized loans for all agricultural needs, including cattle operations, whether for cow/calf or stockers, and farming operations for equipment, crops, pasture or crop land.
Whether you need to purchase a new company vehicle, upgrade technology, or boost operation efficiency, we can help you finance the equipment you need to keep your business running smoothly. We can also refinance existing equipment to help you make the most of your cash flow.
Having sufficient working capital is essential. As your business evolves or expands, ensure your cash flow can support seasonal demands, unexpected cash needs, and necessary growth. With an Operating Line of Credit, you can borrow and repay funds as needed. Plus, as a Certified SBA Lender, we can help you determine if an SBA loan is the right choice for you.

The "Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act" recently passed by Congress provides additional Paycheck Protection Program (PPP) funding. This funding provides a mechanism for requesting a second PPP loan, and altering forgiveness rules for currently outstanding PPP loans. Additional funding, guidance, and updates have been made for businesses that have not yet received a first PPP loan that now wish to apply.

The new legislation has been signed by President Trump, and we anticipate additional information to follow from the Small Business Administration (SBA) as they implement the newly passed legislation. We are now accepting applications for both first and second draw PPP loans. 

If you wish to apply for a SBA PPP loan through The Bank N.A., please submit a completed application along with all necessary supporting documents either through our “Secure Document Upload” link that utilizes a secure Dropbox upload, or by bringing a paper applications with all supporting documents to either our McAlester or Stillwater main office locations.

*Completed applications with appropriate backup documentation will be necessary to ensure timely submission to the SBA. Complete files will be considered for submission in the order in which they are received.

Second Draw PPP loans

SBA now allows certain eligible borrowers that previously received a PPP loan to apply for a second PPP loan with the same general loan terms as their first draw PPP loan (See First Draw PPP Loans below if you have not yet received an SBA PPP loan). Second draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

Targeted Eligibility: A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

Maximum Loan Amount and Increased Assistance for Accommodation and Food Services Businesses:

 For most borrowers, the maximum loan amount of a Second Draw PPP Loan is 2.5 times the average monthly 2019 or 2020 payroll costs up to $2 million. For borrowers in the Accommodation and Food Services sector, the maximum loan amount for a Second Draw PPP Loan is 3.5 times the average monthly 2019 or 2020 payroll costs up to $2 million.

Full Forgiveness Terms:  Second Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: 

  • Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan
  • The loan proceeds are spent on payroll costs and other eligible expenses
  • At least 60 percent of the proceeds are spent on payroll costs.

*This represents the basic guidelines on PPP loan forgiveness provided by the SBA. SBA will ultimately determine forgiveness, and further outlines conditions necessary for forgiveness here:

How and When to Apply: Businesses may apply for a Second Draw PPP now until the sooner of March 31, 2021 or at SBA’s announcement that funds are depleted.

Second Draw SBA application can be found through the link below:

First Draw PPP Loans (Business that has not previously received a PPP loan)

SBA is reopening the Paycheck Protection Program (PPP) to businesses applying for a first draw PPP loan beginning the week of January 11, 2021. First Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

  • First draw PPP applications may choose 2019 or 2020 payroll costs to calculate the maximum loan amount. Sole proprietor and independent contractors should contact us for further guidance, as alternative calculations are required.
  • Loan amount is to be calculated at 2.5 times the average monthly payroll.
  • Compensation paid to an employee must be capped at $100,000 for the calculation.
  • Payroll form 941 form is to be submitted for verification of calculations (Alternatively, a 3rd party prepared payroll report may also be used) and state quarterly wage unemployment insurance tax reporting forms must be provided, based on the year used to calculate loan amount.
  • A payroll statement for the period that covered February 15, 2020 must be provided to establish the business was in operation on February 15, 2020.

Helpful Links

Applications for 1st Round PPP Loan forgiveness
Click below to download the forgiveness application that applies to you. Once you've completed it, you may upload it to our secure Dropbox link below, or print and drop them by one of our branch locations.
Loans of $150,000 or less:
Loans > $150,000:

Secure document upload:

Business people shaking hands in a meeting

Debit/Credit Cards

Financial Calculators

Contact a Loan Officer

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