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.
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.
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
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
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
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
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.