Capital Solutions

Through our nontraditional lending programs, we creatively navigate barriers to capital and work with you to develop a viable financial path. We’re able to offer unique lending opportunities to Oklahoma entrepreneurs.

Funding for you

Creative Capital offers several loan programs designed to help you start, sustain, or expand your business.

Funding for you

Creative Capital offers several loan programs designed to help you start, sustain, or expand your business.

Start today

Creative Capital lending is geared toward startups and sacling small businesses ready to borrow today. Our team will help determine the best loan solution for you.

Start today

Creative Capital lending is geared toward startups and sacling small businesses ready to borrow today. Our team will help determine the best loan solution for you.

Money on a Mission

If you’ve been turned away from traditional banks for being a risky investment, TEDC Creative Capital is ready to meet you where you are. We believe your ideas are worth the risk and we’ll help you bring them to life. With the world moving toward a tech-forward future, many brick-and-mortar entrepreneurs are left wanting when it comes to financing. TEDC Creative Capital aims to even out the playing field by providing access to funding for fixed assets, startups and developments alike. We create a pathway for overlooked entrepreneurs with bold ideas.

As a mission-based non-profit, money made goes back into loans. Our goal is economic vitality, growth, and strength in our community of Tulsa, Oklahoma. All our profits go toward your success so that we can build a better Tulsa together.

Classroom

Hands-on curricula in safe learning environments that give entrepreneurs the tools necessary to shape their vision.

Capital

Avenue to fair financing for those facing lending hurdles through multiple loan options.

Community

Direct line of access to TEDC’s powerful network of business experts and mentors.

Creative Capital

Small Business Loans

Small Business Loan

In partnership with the City of Tulsa’s Community Development Block Grant program, the Small Business Loan Fund finances most business expenses. Not ony does a small business loan through TEDC Creative Capital benefit your business, it serves your community, provides jobs, and boost the local economy.

Loan Details

Rates and maturities vary. Funded by the U.S. Department of Housing and Urban Development.

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No Maximum Loan Amount - Typically Ranges from $15,000 to $250,000

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Used for Most Business Expenses

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One Job Must be Created or Retained for Every $35,000 Borrowed

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Beneficial for Projects that May by Lacking Collateral or Credit Elsewhere

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Available to City of Tulsa Small Businesses

Microloan

Small loans can have a huge impact. If a loan of up to $50,000 can make a difference for your business, then a microloan from TEDC Creative Capital may be your solution. As an intermediary, we partner with the U.S. SBA to offer microloans to small companies throughout the state. Our average microloan is $12,000.

Loan Details

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Interest Rate is fixed and tied to the prime interest rate

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Maturity is limited to 6 years

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$50,000 Maximum Loan Amount

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Used for Most Business Purposes

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Available to Oklahoma Small Businesses and Startups

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Collateral is considered

SBA 504 Loans

TEDC partners with the U.S. Small Business Association (SBA) and private sector lenders to offer the SBA 504 loan program, a fixed-rate, long-term financing tool helping businesses acquire fixed assets, such as owner-occupied commercial real estate and heavy equipment.

TEDC's share of an SBA 504 project can range from $100,000 to $5,500,000.

Loan Details

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Interest Rates are fixed and tied to the 10-year U.S. Treasury Rate

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Maturity is 10, 20, or 25-years based on the useful life of project collateral

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Provides up to 40% of eligible costs, your bank provides 50%, and you contribute the remaining 10%

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Primarily used for Real Estate and Equipment

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Eligible Companies meet the U.S. SBA's size standards

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Available to Oklahoma Small Businesses

BUS RAPID TRANSIT REVOLVING LOAN Fund

The Bus Rapid Transit (BRT) Revolving Loan Fund (RLF) is a source of financing focused along the BRT line of Tulsa Transit and other specified areas*. Existing companies and businesses planning to occupy, build or purchase commercial space are eligible to apply. The fund is offered through a partnership between the City of Tulsa, PartnerTulsa, and TEDC.

Loan Details

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Maximum Loan Amount of $200,000

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Final Approval by PartnerTulsa

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0% Interest Rate

Momentum Loans

The Momentum Loan is a $2,500 working capital loan designed to help entrepreneurs build a credit relationship with TEDC. The approval process is abbreviated so you can access funds and technical assistance quickly. Participation in a TEDC EDEN program may be required.

Loan Details

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$2,500 Loan Amount

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3-year Maturity

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$80 Monthly payment

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Participation in TEDC EDEN Program may be required

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Available to Oklahoma small businesses and startups

Rates and fees

10-Year Fixed

3.515%

20-Year Fixed

3.880%*

25-Year Fixed

3.940%**

Rates on SBA 504 loans are pegged to an increment above the market rate for five- and ten-year U.S. Treasury issues and are fixed. Current rates are shown above for 20 and 25-year debentures. (10-year debentures are priced every other month. The May 2022 effective rate and refinance rate were 4.931 and 4.948, respectively.

Fees for loan packaging, application, consulting, and other services may also apply; these vary depending on the type and term of the loan. Fee details are provided to the borrower prior to application or closing. In many cases, fees can be built into the loan request.

* May 2022 last sale. Effective rate with fees = 5.061 for regular program and 5.075 for refinance program.

**May 2022 last sale. Effective rate with fees = 5.119 for regular program and 5.133 for refinance program.

On most TEDC working capital loans, interest is tied to the Prime Rate, which is subject to change at any time. Borrowers may be required to pay an application fee of $35 at the beginning of the loan application process.

Our process

You’re a business seeking financing.

Apply for a TEDC Creative Capital loan.

Complete Documentation.

Review and Discuss Detail with the Underwriting Department.

Application is presented to the Loan Committee and Board of Directors for approval.

Documents are gathered for post-approval and pre-funding.

Receive funding for your small business.

After the loan, TEDC Creative Capital collects annual financial statements and tax returns, provides education opportunities, and is responsible for the collection of payments.