Oklahoma loves its entrepreneurs. Small business owners employ over half of the working population of Oklahoma, and their companies form the support structures necessary to maintain many of the state’s major industries. The healthcare, energy, and construction sectors all rely on a huge network of small businesses and sole proprietors to ensure their operations run smoothly.
However, small business owners were negatively impacted more than almost anyone else during the COVID-19 pandemic. Many are still working to regain the stability and upward trajectory they had before all the chaos, and they aren’t getting the help they need from their banking partners.
Equity Bank is here to change that. Our partnership with small businesses in the Tulsa area has helped them overcome common obstacles they had faced when working with other banks. With our assistance, they are able to set their sights higher and achieve more.
Equity Bank & Entrepreneurs
We have a fondness for those with the entrepreneurial spirit. Our own beginnings as a local bank taught us the value of small businesses and the power of community. When we partner with and give advice to entrepreneurs, we speak from experience. We have the financial products and the knowledge to assist entrepreneurs at every stage of their small business journey and in every sector of their local economy.
The energy and healthcare industries are Tulsa’s fastest growing small business sectors, with the energy sector alone contributing around $35 billion to the state’s GDP. Aerospace and defense companies are also a major part of the Tulsa economy, bringing in close to $11 billion a year. When you’re looking to break into such a competitive space as a small business owner, it’s nice to know you have a partner that will take the time to listen and work with you, rather than provide you with a one-size-fits-all solution.
When small business owners partner with big banks, they often feel as if they’re receiving cookie-cutter treatment. That’s never the case with Equity Bank. Our founding principles live on, even as we’ve expanded to serve residents of four different states and dozens of distinct communities. That means that we always provide in-depth, individualized service to our members, no matter what their needs may be.
This individualized attention isn’t just for business owners. Our members also enjoy a personal banking experience tailored to their individual needs, with powerful technological tools and premium financial products at their disposal. We also provide guidance on some of the most important financial hurdles in life, like creating a sustainable budget and purchasing a vehicle.
How Equity Bank Empowers Tulsa’s Small Business
Equity Bank gives small business owners access to powerful financial tools that you won’t find at other community banks. We strive to provide services that cover every one of your financial needs so that you can focus on what matters most: running your business.
We offer commercial and SBA loans to help you get fast, affordable funding when you need it most. You can use them to expand your current footprint, buy new property, or to access quick working capital to help you stay on top of demand. Our flexible terms allow you to select loan options that fit your business’ budget just right, and our speedy application and approval process allows you to jump on opportunities right away.
Equity Bank’s treasury management services allow you to monitor and control your business’ cash flow easily. You can manage payroll, process payments, pay vendors, and secure your profits all from one simple portal. Equity Bank also has a dedicated treasury management team to help you familiarize yourself with the system and answer any questions you may have along the way.
Digital banking has become an essential tool for many individuals, but businesses can utilize it just as effectively. Through Equity Bank’s digital banking portal, you can monitor all of the accounts connected with your business, as well as the status of any loans you may have, so you’re never caught off guard. From the comfort of your office, you can check on incoming and outgoing payments, access statements from previous quarters, and manage your business efficiently.
Our experience with entrepreneurs in the medical and aviation sectors has given us unique insight into the needs and concerns of new businesses in those industries. Specialty loans from Equity Bank are tailor-made to suit new and expanding medical and aviation businesses, and even include lines of credit for upgrading or replacing outdated equipment.
Equity Bank and Your Small Business
If you’re a small business owner or a rising entrepreneur in the Tulsa area, visit our Tulsa location today and speak to one of our expert team members about how Equity Bank can help elevate your business. If you’d like to explore other banking options, contact us today or locate your nearest Equity Bank to find out more.