SBA 504 Loans in Oklahoma
Browse 10 lenders offering sba 504 loans in Oklahoma. Compare rates, requirements, and loan programs — then connect directly.
SBA 504 Lenders in Oklahoma
10 lenders offering sba 504 loans to borrowers in Oklahoma.
Live Oak Banking Company
WILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
COLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
Readycap Lending, LLC
BERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
LOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
Wells Fargo Bank National Association
Sioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
CDC Small Business Finance Corp.
San Diego, CA
Rural Enterprises of Oklahoma, Inc.
Durant, OK
Tulsa Economic Development Corporation
Tulsa, OK
Metro Area Development Corporation
Oklahoma City, OK
About SBA 504 Loans in Oklahoma
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In Oklahoma, 10 lenders currently offer SBA 504 financing with loan amounts from $125K to $17M and rates typically ranging from Below market (CDC portion ~5-6%).
Oklahoma Market Overview
Oklahoma's economy is closely tied to the energy sector but has been diversifying through aerospace, weather technology, and biosciences. Oklahoma City and Tulsa have invested heavily in downtown revitalization, creating new CRE opportunities.
Oklahoma assesses commercial property at 11% of fair market value, one of the lowest ratios in the nation, which keeps effective property tax rates manageable for CRE investors. The state's Quality Jobs Program provides quarterly cash payments to qualifying companies equal to up to 5% of new taxable payroll, incentivizing employment-generating CRE projects. Oklahoma City's MAPS (Metropolitan Area Projects) program, funded by temporary sales taxes, has invested billions in downtown infrastructure and amenities, catalyzing significant private CRE investment in the urban core.
Who Should Consider SBA 504 Loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
Key Requirements
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Pros and Cons
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans FAQ
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
SBA 504 Loans by City in Oklahoma
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