Small Business Loans

Citizens Bank is Ada’s Trusted SBA Loan Provider

Whether you’re starting a new company or growing your existing small business, Citizens Bank of Ada has the right lending solutions to help you succeed. Our professional loan specialists understand your business is unique. We can help you customize a loan to meet the specific needs of your business. All of our loans offer competitive interest rates for both short and long-term financing.

Unlike other providers, Citizens Bank is locally owned and operated. Our lending decisions are made right here, not in big corporate offices on Wall Street. We promise you will love the personalized service provided by our experienced team of commercial loan specialists.

Small Business Loans and Services

Small business loans can be essential to the success of your business, whether you’re adding inventory or acquiring a bigger space to accommodate your growth. Here’s a look at some of the SBA loans and services available at Citizens Bank of Ada:

  • Working Capital Lines of Credit – Good for managing cash flow and operating costs, including unexpected expenses and short-term needs.

  • Equipment and Inventory Loans – Short term loans ideal for purchasing or repairing equipment or acquiring more inventory, both of which are needed for growth.

  • Commercial Development Loans – Customized loans to fund your next projects and ventures.

  • Commercial Real Estate & Property Loans – Citizens Bank of Ada can help you purchase new commercial property, improve income-generating properties, or refinance your existing business real estate loans.

  • Construction Loans – Short term loans with competitive interest rates to help you finance your real estate project

  • Start-Up Business Loans – Startup business loans from Citizens Bank of Ada provides the capital your new business needs to grow and thrive

  • Agricultural Loans – Financing for your agricultural business to help you acquire land, livestock, and equipment.

SBA Loans: Perfect for Small Businesses

Loans guaranteed by the Small Business Association are ideal for new or expanding businesses. Qualifications include:

  • Strong credit score
  • Financial and legal documents (tax returns, balance sheet, income statement, etc.)
  • Business plan
  • Collateral

SBA loans are a valuable ally to any business looking for capital. The benefits include:

  • Higher likelihood of loan approval
  • Lower equity requirement
  • Reasonable collateral requirements
  • Flexible repayment terms
  • Assurance of a fully amortizing loan

Many lending options exist, but the two most commonly used solutions are 7(a) loans and 504 loans.

  • 7(a) SBA Loans – This is the SBA’s primary program supporting small businesses with 25-year, fully amortized loans with an adjustable-rate.
  • 504 Loans – This program approves small businesses for long-term, fixed-rate financing from $25,000 to $5 million

Why Citizens Bank?

At Citizens Bank of Ada, you’re not just a client, you’re also our neighbor, and that means something to us. Our commercial loan specialists are qualified SBA loan providers and are eager to help you achieve your professional goals.

Schedule an appointment and contact us today to discuss your small business loan options in Ada, OK.

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