The State Bank of Wynnewood
The State Bank of Wynnewood is an active SBA lender in Oklahoma, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 2 Google reviews.
About The State Bank of Wynnewood
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan programs. Whether you're seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their expertise includes SBA 7(a) loans, which are ideal for a range of business purposes, and they have a strong track record of approving substantial loan amounts, with their largest recorded approval reaching $313,000. The bank is committed to helping entrepreneurs succeed by offering accessible financing options, knowledgeable staff, and personalized service to guide you through the application process. Located in Wynnewood, Oklahoma, they serve local businesses and the broader community, making them a trusted partner for small business growth and development.
Common questions about The State Bank of Wynnewood
What is this place and what can I find here?
This is a local bank offering SBA loan programs to support small businesses with funding options like 7(a) loans, helping entrepreneurs grow and succeed.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Is there a fee to use this?
Fees depend on the specific loan and terms; consult with the bank for detailed fee information.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local small businesses and residents within the Wynnewood community.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is generally considered acceptable.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of your application.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and The State Bank of Wynnewood typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call The State Bank of Wynnewood to confirm current weekend availability before you go.
How do I get there and where do I park?
The State Bank of Wynnewood is located in Oklahoma — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for The State Bank of Wynnewood, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The State Bank of Wynnewood itself, which runs its own lending under its own ownership. If you work at The State Bank of Wynnewood, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The State Bank of Wynnewood — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with The State Bank of Wynnewood before applying. If you represent The State Bank of Wynnewood, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The State Bank of Wynnewood by phone at (405) 665-2001 or online at sbwok.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with The State Bank of Wynnewood before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, The State Bank of Wynnewood can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask The State Bank of Wynnewood directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether The State Bank of Wynnewood participates in SBA Express depends on its specific SBA lending authority. Contact The State Bank of Wynnewood and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. The State Bank of Wynnewood can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. The State Bank of Wynnewood's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The State Bank of Wynnewood directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask The State Bank of Wynnewood what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask The State Bank of Wynnewood to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with The State Bank of Wynnewood to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. The State Bank of Wynnewood weighs this case by case under its own policy, so be upfront about your history and ask The State Bank of Wynnewood how it evaluates prior bankruptcies.
