Old Glory Bank

This is a local SBA lender offering small business loans, including SBA 7(a) programs, to support business growth and expansion in the Elmore City area. You can find personalized assistance and access to financing solutions tailored to your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may be available during business hours.

Old Glory Bank's customer service phone support operates Monday through Saturday, 8 a.m. to 8 p.m. Central Time. Contact the bank at (888) 446-5345 to confirm current hours and branch-specific availability.

There are no fees to visit or inquire; however, loan processing and application fees may apply depending on the financing arrangement.

This SBA lender primarily serves small businesses in the Elmore City area and surrounding communities, but eligibility depends on meeting SBA and bank criteria.

A minimum personal credit score of 640 is generally required, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the completeness of documentation and loan complexity.

Old Glory Bank's customer service is available on Saturdays, 8 a.m. to 8 p.m. Central Time. Confirm Saturday branch or loan department availability directly with the bank.

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

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

You can reach Old Glory Bank by phone at (888) 446-5345 or online at oldglorybank.com, or submit non-urgent inquiries via their contact form at oldglorybank.com/customer-service (2–3 business day response). Confirm details directly with the bank.

Like most SBA lenders, Old Glory 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 Old Glory 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 Old Glory Bank participates in SBA Express depends on its specific SBA lending authority. Contact Old Glory 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. Old Glory 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. Old Glory Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Old Glory 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 Old Glory 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 Old Glory 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 Old Glory 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. Old Glory Bank weighs this case by case under its own policy, so be upfront about your history and ask Old Glory Bank how it evaluates prior bankruptcies.