SBA 504 LOANS
An SBA 504 loan can help your Oklahoma-based small business grow! In fact, an SBA 504 loan from TEDC Creative Capital could cover up to forty percent of your total project costs. The SBA 504 loan is a long-term, fixed-rate loan which can help your small business make a large purchase like land, buildings and long-life equipment. The U.S. Small Business Association (SBA) 504 Loan Program lends money to TEDC Creative Capital, which we then offer as business loans for Tulsa startups and small businesses.
Funding is available for projects big and small. In fact, the average SBA 504 loan ranges between $1.5 million and $5 million. Most eligible companies have less than 500 employees and a net income below $5 million (after taxes) in the previous two years.
If you have a project in mind that you need funding for, here’s how an SBA 504 loan from would work for you: the SBA 504 loan from TEDC Creative Capital supplies 40% of the cost, a bank provides 50% of the costs, and you would contribute the remaining 10%.
Small businesses receiving an SBA 504 loan must create or retain one job for every $65,000 borrowed. That means more good-paying jobs for people right here in Tulsa!!
Contact us now to find out if you qualify for an SBA 504 loan.
Ready to take the next step? Start your online application today.
If you would like more information regarding an SBA 504 Loan, please complete the form below or give us a call at