Welch State Bank of Welch, Okla
Welch State Bank of Welch, Okla is an active SBA lender in Oklahoma, a bank offering SBA-guaranteed small-business loans. Currently rated 3.5 stars across 6 Google reviews.
$18M
in SBA approvals since 2011
37
SBA loans funded
Manufacturing · Home Healthcare · Gas Stations & Convenience
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Welch State Bank of Welch, Okla
Welch State Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the local community, the bank provides flexible loan options including SBA 7(a) loans, which are ideal for a variety of business purposes such as working capital, equipment purchase, or real estate acquisition. The bank's experienced lending team guides clients through the application process, ensuring clarity and support at every step. Their expertise extends to supporting small businesses with personalized service, competitive rates, and quick turnaround times. Whether you're a startup or an established enterprise, Welch State Bank is committed to helping your business succeed by providing accessible financing options and dedicated customer service. Located at 396 S Commercial St in Welch, OK, the bank leverages its regional knowledge to serve local entrepreneurs effectively, fostering economic growth within the community.
Industries Welch State Bank of Welch, Okla finances
Business types Welch State Bank of Welch, Okla actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Welch State Bank of Welch, Okla
What is this place and what can I find here?
This is a local bank that provides SBA loans and small business financing services, helping entrepreneurs secure funding for growth and operations.
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?
Welch State Bank of Welch, Okla's lobby is open 9:00 AM to 4:00 PM Monday through Friday. Drive-thru and live teller services extend from 8:00 AM to 5:00 PM weekdays and 8:00 AM to 12:00 PM Saturday. Please confirm with your local branch.
Is there a fee to use this?
There may be fees associated with certain loan services, including origination and closing costs, which will be disclosed upfront.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small businesses within the Welch community and surrounding areas.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the completeness of the application and supporting documents.
Is this open on weekends?
Welch State Bank of Welch, Okla's lobbies are closed on weekends, but drive-thru and live teller services are available Saturday 8:00 AM to 12:00 PM. Please confirm with your local branch.
How do I get there and where do I park?
Welch State Bank of Welch, Okla operates six locations across Oklahoma (Chouteau, Miami, South Coffeyville, Vinita, and Welch). Specific parking information is not listed on their website—please contact them for details.
Who owns or operates this listing?
This page is an independent directory listing for Welch State Bank of Welch, Okla, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Welch State Bank of Welch, Okla itself, which runs its own lending under its own ownership. If you work at Welch State Bank of Welch, Okla, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Welch State Bank of Welch, Okla — 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 Welch State Bank of Welch, Okla before applying. If you represent Welch State Bank of Welch, Okla, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Welch State Bank of Welch, Okla by phone at (918) 788-3373 or online at welchstatebank.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 Welch State Bank of Welch, Okla before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Welch State Bank of Welch, Okla most often finances businesses in manufacturing. This reflects Welch State Bank of Welch, Okla's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Welch State Bank of Welch, Okla which sectors 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 Welch State Bank of Welch, Okla participates in SBA Express depends on its specific SBA lending authority. Contact Welch State Bank of Welch, Okla 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. Welch State Bank of Welch, Okla 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. Welch State Bank of Welch, Okla's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Welch State Bank of Welch, Okla 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 Welch State Bank of Welch, Okla 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 Welch State Bank of Welch, Okla 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 Welch State Bank of Welch, Okla 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. Welch State Bank of Welch, Okla weighs this case by case under its own policy, so be upfront about your history and ask Welch State Bank of Welch, Okla how it evaluates prior bankruptcies.
