TEDC Tulsa Small Business Loan
TEDC Creative Capital offers Tulsa small business loans from $15,000 to $250,000 through a City of Tulsa CDBG-backed loan fund.
About this program
The TEDC Tulsa Small Business Loan is a local loan fund created in partnership with the City of Tulsa through the HUD Community Development Block Grant program. The fund finances startup and growing businesses within Tulsa city limits that provide jobs and boost the local economy. TEDC makes direct loans and participates with other financial institutions for requests that fall short of conventional lending standards, with loan amounts typically ranging from $15,000 to $250,000.
Eligibility
Small businesses within the city limits of Tulsa may apply for startup or growth financing when they can meet job creation or retention and underwriting requirements.
Requirements
- Business must be located within the city limits of Tulsa.
- Loan proceeds must be used for eligible business expenses.
- Borrower must create or retain one job for every $50,000 borrowed.