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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) […]
Category Archives: Loans
14
Jul
Jul
Over the course of a decade, the U.S. Department of Agriculture’s Business and Industry (B&I) Guaranteed Loan Program has transformed rural communities by unlocking capital, stimulating growth, and—most notably—creating or saving an estimated 750,000 jobs between 2012 and 2022. According to a 2025 economic assessment by Summit LLC, this cornerstone program not only brings private […]
Featured, Loans, USDA
How USDA B&I Loans Are Building Jobs, Revenue, and Resilience in Rural America
23
May
May
A 2025 Economic Assessment prepared by Summit LLC reveals that the B&I program is more than just a source of financing—it’s a catalyst for job creation, business expansion, tax revenue growth, and rural revitalization. View Summary of Findings: USDA B&I Guaranteed Loan Program: 2025 Economic Assessment View the Complete B&I Economic Assessment from Summit We’re […]
15
Mar
Mar
At First National Bank of Oklahoma, we understand that securing the right financing is crucial to the growth of your business. The Small Business Administration (SBA) offers two key loan programs that can help fund your business’s expansion: the SBA 504 loan and the SBA 7(a) loan. Each loan program serves a different purpose, and […]
07
Feb
Feb
Qualifying for a mortgage involves meeting specific criteria that lenders use to assess your ability to repay the loan. At First National Bank of Oklahoma, we consider a variety of factors to make informed lending decisions. Here’s a detailed look at what impacts your mortgage application and what you can do to prepare. Credit Score […]
all, Loans
Interest / Refinance Ready: Essential Steps to Prepare for Interest Rates Cuts or Refinancing with First National Bank of Oklahoma
15
Dec
Dec
As mortgage rates fluctuate, savvy homeowners and prospective buyers know that timing is everything when it comes to refinancing or locking in a favorable rate. With interest rates cuts on the horizon, now is the perfect time to prepare. At First National Bank of Oklahoma, we’re here to guide you through the essential steps to […]
01
Dec
Dec
In a highly anticipated move, the Federal Reserve has opted to keep interest rates unchanged ahead of their next policy meeting on December 18th. While the FED holds steady, home loan rates have started to trend downward, offering a significant opportunity for prospective homebuyers and current homeowners. What does this mean for you, and what’s […]
all, Loans, USDA
Unlocking the Potential: The Advantages of Partnering with a Seasoned USDA Lender Specialist
22
Feb
Feb
In the vast landscape of financial services, navigating the intricacies of loans and mortgages can often feel like exploring uncharted territory. This rings especially true for individuals and businesses seeking to tap into the benefits of USDA guaranteed loans for rural development. Enter the seasoned USDA lender specialist – a guiding beacon in the realm […]
13
Nov
Nov
If you’re considering investing in commercial real estate in Oklahoma, consider applying for a commercial real estate loan. This financial tool helps entrepreneurs and businesses acquire, develop, or refinance commercial properties. How does a commercial real estate loan work? This blog post will explore everything you need to know about commercial real estate loans. Overview […]
30
Oct
Oct
When it comes to financing options for businesses, two common choices are USDA guaranteed loans and balance sheet loans. These loans play a crucial role in helping companies secure the necessary capital for growth, expansion, or operational needs. However, they have distinct features and eligibility requirements that every business owner should understand before deciding which […]