The State Exchange Bank

This is a local SBA lender offering small business loans, including the 7(a) program, with personalized service to help entrepreneurs secure funding for growth and expansion.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated based on availability.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with appointments available outside these hours upon request.

There are no fees to visit or consult with the bank; however, loan application and closing costs may apply depending on the funding process.

This lender primarily serves small businesses in the Lamont area but is open to any eligible small business applicant meeting SBA criteria.

A minimum personal credit score of around 640 is generally preferred, but approval depends on overall financial health and collateral.

The typical underwriting process takes approximately 30 to 45 days, depending on the completeness of the application and supporting documents.

Most banks keep weekday business hours and are closed on weekends, and The State Exchange Bank 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 Exchange Bank to confirm current weekend availability before you go.

The State Exchange Bank 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.

This page is an independent directory listing for The State Exchange Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The State Exchange Bank itself, which runs its own lending under its own ownership. If you work at The State Exchange Bank, you can claim this listing from this page to manage it.

The core details for The State Exchange Bank — 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 Exchange Bank before applying. If you represent The State Exchange Bank, claim this listing to keep its information up to date.

You can reach The State Exchange Bank by phone at (580) 388-4345 or online at stateexchangebank.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 Exchange Bank before relying on them.

Like most SBA lenders, The State Exchange Bank 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 Exchange Bank directly which industries it actively lends to before you apply.

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 Exchange Bank participates in SBA Express depends on its specific SBA lending authority. Contact The State Exchange Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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 Exchange Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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 Exchange Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The State Exchange Bank directly whether it considers start-up loans.

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 Exchange Bank what down payment it expects for your specific commercial real estate purchase.

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 Exchange Bank to spell out any prepayment penalties before you sign.

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 Exchange Bank to confirm it qualifies and how to document it.

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 Exchange Bank weighs this case by case under its own policy, so be upfront about your history and ask The State Exchange Bank how it evaluates prior bankruptcies.