First United Bank is proud to be part of the Small Business Administration (SBA)
Our experienced team will work with you to structure an SBA financing package that will enable you and your business to meet the challenges it encounters and to achieve your path to success. With over 50 years of cumulative experience with the SBA loan programs, we stand ready to assist you with an ideal financing solution.
With our Preferred Lender status, we can offer quick approvals from the SBA as well as competitive rates with flexible terms and conditions to help your business meet its financing needs.
Is SBA Lending Right For My Business?
If you checked off on any of these questions, then SBA might be a great option for your business needs.
If any of these benefits meet your business needs, then an SBA loan might be the right choice for you.
Let us know how we can help meet your business needs.Email Us Today
Come to any Oklahoma or Texas location for more information!Visit Us Today
SBA Success Stories
Satisfied SBA 7(a) Loan Customers
RV and Mini-warehouse
Expansion/New Construction Project
Included the second phase construction of new units after financing the original facility’s construction. $1,494,00 100% financing using existing real estate equity, 20 year term with 12 months interest only period for construction period.
Expansion For 2nd Location
Included the construction of a new facility, purchase of equipment and working capital. $874,000, 25 year amortization, 15% equity.
Partner buyout of existing long time business with debt refinance and working capital. $923,000, 10 year amortization using partner’s existing equity.
Satisfied SBA 504 Loan Customers
New Assisted Living and Memory Care Facility
Covered ground up construction of a new facility, including construction hard and soft costs, furniture and equipment. $7,950,200 with a $4,968,700 first lien and $2,981,500 2nd lien. First lien 10 year term with 25 year amortization with a 24 month interest only for construction period and 20% equity injection.
Full Service Restaurant
Business Expansion 4th Location
Included the construction of a new facility, debt refinance and purchase off FF&E. $2,214,000 with a $1,230,000 1st lien and a $984,000 2nd lien. First lien on a 20 year fully amortization with additional 12 months interest only period during construction. 10% equity injection.