Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. With a population of 403,505 in 2018, it is the principal municipality of the Tulsa Metropolitan Area, a region with 991,005 residents in the MSA and 1,251,172 in the CSA. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, with urban development extending into Osage, Rogers, and Wagoner counties.
Tulsa was first settled between 1828 and 1836 by the Lochapoka Band of Creek Native American tribe. For most of the 20th century, the city held the nickname "Oil Capital of the World" and played a major role as one of the most important hubs for the American oil industry. A robust economy has allowed the city to diversify from its historic reliance on the oil industry.
Today, Tulsa's economy is diverse and includes a significant manufacturing sector. The city's top employers include American Airlines, Williams Companies, and the University of Oklahoma-Tulsa. The city is also home to a number of small businesses.
Tulsa has a strong economy with a diverse mix of businesses. The city's top employers include American Airlines, Williams Companies, and the University of Oklahoma-Tulsa. The city is also home to a number of small businesses. The small business sector is a vital part of the city's economy, and Tulsa offers a number of resources to support small businesses, including the Tulsa Chamber of Commerce and the Tulsa Small Business Development Center.
Comparing SBA loan types in Tulsa
Three SBA programs come up most often for Tulsa, Oklahoma businesses, and they do different jobs.
Small business loans available in Tulsa
An SBA 7(a) loan made to a Tulsa, Oklahoma business is made by a participating lender, not by the SBA. The lender underwrites it, sets the rate within the SBA maximum, and services it. What varies locally is which lenders are active, not the program rules.
Common uses here are the same as everywhere: working capital, equipment, owner-occupied commercial real estate, refinancing business debt, and buying an existing business.
Insurance and closing
Most SBA lenders require hazard and, where the collateral is real property, property insurance in place before closing. See commercial property insurance for businesses and ways to ensure your SBA loan closes smoothly.
Getting started in Tulsa
Check the eligibility requirements, run the numbers with the SBA 7(a) loan calculator, then get financing and we will route your inquiry to lending partners.