Even a small amount of money can drastically improve a small business and significantly impact a community.
It may mean that you can put furniture in your new office space, purchase needed inventory, or pay employees. But getting that money can be difficult, because many banks won’t make even a small loan to businesses or startups who haven’t been in business long enough to show a profit.
If a loan of less than $50,000 could make a difference for your startup or small business, then a microloan from TEDC Creative Capital may be just what you need. The U.S. Small Business Administration lends money to TEDC Creative Capital, which we then offer as a microloan for Oklahoma startups and small businesses.
A microloan is exactly what it sounds like: a small loan from TEDC Creative Capital to your business. TEDC’s average microloan is $12,000 with a maximum of $50,000. All types of businesses are eligible: sole proprietorships, corporations, and more.
The loan must be repaid within six years and we offer competitive interest rates. Plus, you may be eligible to receive personalized training from us and our partners to help your business grow even more.
You have the freedom to use these funds for anything business related, except to purchase real estate.
Ready to take the next step? Start your online application today.
If you would like more information regarding a Micro Loan, please complete the form below or give us a call at