Energy Loans
As the oldest bank in Southern Oklahoma, First National Bank lives in a region that is famous for its oil and gas production. As a result, we have experience in meeting the lending needs of our local energy producers. If you have proved and producing mineral interests, but need capital to continue exploration opportunities, we would be delighted to explore your financial opportunities as well!
Competitive rates that are usually floating tied to “WALL STREET JOURNAL PRIME RATE AS PUBLISHED IN THE MONEY MARKET SECTION OF THE WALL STREET JOURNAL.”
Term loans to meet your needs.
An engineering reserve study, estimating the present worth of future revenues at a discount rate will be required. First National Bank will help in the selection of the company performing that evaluation. Apply now!
In addition to completing a loan application, it is generally recommended that you bring along the following additional financial information to expedite your loan request:
- A business financial statement, and copies of business tax returns covering a 3-year period if possible.
- A personal financial statement and copies of 3 years of personal tax returns if possible.
- A short business plan indicating the use of the funds and identifying the risks involved with those uses.
