In tough times, we have your back! You and your small business are our #1 Priority. TEDC Creative Capital keeps small business moving forward with non-traditional lending programs, which are designed to help entrepreneurs start, expand or sustain a company.  Contact us for more information on our Recovery Loan, Small Business Loan, Micro Loan, and SBA 504 Loan.

Uses creative capital to make small business loans through a partnership with the City of Tulsa’s Community Development Block Grant program funded by the U.S. Department of Housing and Urban Development.

Proceeds may be used for most business purposes. Rates and maturities vary based on project risk; however, job creation or retention for low and moderate income individuals is required. Funding availability is limited from time to time.

Valuable for projects lacking sufficient collateral; TEDC Creative Capital can often reduce a private lender’s exposure with subordinated financing. Businesses outside the city of Tulsa may qualify for assistance under another TEDC loan program.

Combines loans with technical assistance to increase a borrower’s likelihood of success.

With intermediary funds from the SBA, TEDC lends up to $50,000 to small businesses across Oklahoma. Proceeds may be used for most business purposes.

The average loan is $12,000 with a maturity of six years or less. Interest rates vary based on project risk.

Brings together SBA and private-sector funding to provide fixed rate, long-term financing for the purchase of land, buildings and long-life capital equipment.

SBA fully guarantees debentures (the 504 portion of a loan project) for 30 to 40% of project costs not to exceed $4 million.  Remaining funds are provided by the borrower (10-20 %) and private capital resources (50%) secured by a first lien.

A business must create or retain one job for every $65,000 of 504 funding.  Interest rates are pegged to an increment above the current market rate for 5- and 10-year U.S. Treasury issues.  Maturities of 10, 20 and 25 years are available.  Fees total approximately three percent of the debenture and are financed in the loan.  Project assets are used as collateral.