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At FNBOK we have an expertise in two commonly used Guaranteed Loan Products, SBA 504 and USDA Business & Industry (B&I), each serving different Borrower profiles and project types. These products provide a Borrower with longer-term financing, service larger loans, and allow for creative structuring. See the below table to help identify which product might […]
Author Archives: FNB
09
Dec
Dec
New Tulsa Bank Branch Breaking Ground on Brookside marks a major milestone in our long-term commitment to serving customers in Tulsa and across Oklahoma. First National Bank of Oklahoma, an $900 million community bank headquartered in Oklahoma City, officially began construction on its new full-service Tulsa banking office in September 2025. Located at 1321 E […]
20
Nov
Nov
Saturday, August 10th was a day of community, camaraderie, and giving back as First National Bank of Oklahoma (FNBOK) hosted its 3rd Annual Fundraising Golf Tournament at the Ponca City Country Club. Each year, FNBOK selects a different local organization to receive proceeds from the tournament and NERA was an outstanding choice for 2025. In […]
27
Aug
Aug
First National Bank of Oklahoma is proud to announce the successful closing of a $12,320,000 USDA Timber Production and Expansion Program (TPEP) guaranteed loan to support the purchase of two shuttered timber mills located in Pushmataha County, Oklahoma and Amite County, Mississippi.
all, Loans, USDA
Part 5: Rural Investment, Real Returns – How USDA B&I Loans Help States Grow Their Tax Base
14
Aug
Aug
When policymakers and business leaders consider the impact of rural development, they often focus on job creation — and for good reason. But there’s another powerful and measurable outcome of USDA Business & Industry (B&I) Guaranteed Loans that deserves more attention: A 1% increase in B&I investment results in a 0.55% increase in sales tax […]
04
Aug
Aug
The USDA Business & Industry (B&I) Guaranteed Loan Program doesn’t just provide capital—it empowers rural businesses to scale, innovate, and create local impact. With over 130 USDA B&I–backed projects in Oklahoma since 2015, and more than $665 million in loan guarantees, the program is reshaping rural economic landscapes across the state and the nation. Here […]
30
Jul
Jul
First National Bank of Oklahoma is proud to announce the successful closing of a $3,864,000 USDA Business & Industry (B&I) Guaranteed Loan to refinance a portfolio of recently constructed cell towers located in Michigan, Ohio, Indiana, and Kentucky.
30
Jul
Jul
First National Bank of Oklahoma is proud to announce the successful closing of a $1,680,000 USDA Business & Industry (B&I) Guaranteed Loan to finance the acquisition and rehabilitation of a hotel property in Oklahoma.
28
Jul
Jul
When it comes to strategic rural lending, Oklahoma stands tall. Over the past decade, the state has consistently ranked among the top performers in the nation for USDA Business & Industry (B&I) Guaranteed Loan activity. Between 2015 and 2024, Oklahoma secured more than $665 million in B&I loan guarantees—supporting more than 130 projects across dozens […]
21
Jul
Jul
In the world of economic development, there’s often a trade-off between public spending and tangible results. But what if we told you there’s a federal program that not only strengthens rural communities and drives job growth—but also grows state tax revenues in a measurable, lasting way? That’s exactly what the USDA Business & Industry (B&I) […]