New & Existing Business

Other Financing Programs

Oklahoma businesses have access to many different types of loans – short-term and long-term, interest bearing and interest free, and those that support local communities in distress or those that support global marketing activities.
Eligible businesses and activities may qualify for loans that require little real collateral, known as unsecured debt. Many of the loan programs available to Oklahoma businesses are summarized here, but new programs are continuously introduced to better serve economic development and public policy objectives.

Bureau of Indian Affairs Loan Guaranty Fund

The Bureau of Indian Affairs (BIA) provides guaranteed/insured loans to Federally Recognized Indian Tribal Governments, Native American Organizations, and individual American Indians in obtaining financing from private sources to promote business development initiatives on or near Federally Recognized Indian Reservations.
Loans may be used to finance commercial, industrial, agricultural, or business activities organized for profit. Loan guarantees to private lenders will only be provided if funds otherwise would be unavailable to the borrower. Funds may not be used for speculation. The financial assistance must be used on or near an Indian Reservation.
Economic enterprises must demonstrate a reasonable prospect for repayment, must be organized for profit, and be at least 51% Indian owned and actively managed. Project must provide economic development to a federally recognized Indian reservation.
Maximum percentage of guaranty is 90% of unpaid principal and interest. Borrower must have 20% equity in business being financed. Loan guarantees are limited 30-year terms.
Range of Financial Assistance: For individuals and tribal enterprises, $2,500 to $500,000. For Federally Recognized Tribal Governments and Native American Organizations, $10,000 to $7 million.


Applicant Eligibility: Federally Recognized Indian Tribal Governments, Native American Organizations authorized by Indian tribal governments, and individual American Indians.
Beneficiary Eligibility: Federally Recognized Indian Tribal Governments, Native American Organizations, and individual American Indians

Application Process

Application Procedure: Applications for loan guarantees should be submitted by the lender at the local Bureau of Indian Affairs Agency or Tribal Loan Administration Office. Lenders should contact the local office for information on documentation needed to complete an application.

Award Procedure: Action approving or disapproving loans is taken at various levels pursuant to delegated authority. The Bureau of Indian Affairs Regional or Field Office or Tribal Loan Administration Office notifies applicants of action taken on applications within 15 to 30 days.


Bureau of Indian Affairs Area Credit Office
P.O. Box 8002
Muskogee, OK 74402-8002
Phone 918-781-4622

Oklahoma Agriculture Enhancement & Diversification Program (OAEDP)

OAEDP is a program designed to develop or improve uses for agricultural products, expand the state’s production of value-added products and to encourage diversified farming. Interest free loans and grants are available through four program areas: Marketing Utilization Loan, Cooperative Marketing Loan, Basic and Applied Research Loan/Grant and Farm Diversification Grant.
Marketing Utilization Loan – Can be used to assist in the development or implementation of sound domestic or foreign marketing plans for Oklahoma agricultural products, by-products, or new or better uses for existing agricultural products by the financing of marketing feasibility studies, business plans and test marketing.
Cooperative Marketing Loan – Are available to entities or individuals wishing to work together to develop or establish production, processing or marketing of agricultural products. The purpose of this category is to provide funding for promoting productivity, providing added value to agricultural products stimulating and fostering agricultural diversification and encouraging processing innovations.
Basic & Applied Research Loan/Grant – For business creation, expansion or research which shall likely lead to a marketable product. Proposals should focus research efforts on use and processing of agricultural products and by-products in Oklahoma.
Farm Diversification Grant – Can be used for projects dealing with the diversification of existing family farms or ranches to nontraditional crops, livestock, or on-farm value-added processing of agricultural commodities.
Funds are provided as zero-interest loans. Repayment of loans in the amount of $20,000 or less shall begin three years from the date funds are initially issued to the borrower and shall be completed in three years. Repayment of loans in an amount over $20,000 begin three years from the date funds are initially issued to the borrower and be completed in five years. Loan repayments are made in equal installments.


Each application will be considered on an individual basis on its own merits and objectives to reach the goals of the particular grant or loan. Applicants are required to conduct a 15-minute oral presentation to the board of directors.

Application Procedure

Loan and grant applications may be submitted at any time, but are evaluated quarterly by an appointed board of directors. Deadline for applications is the close of business the first working day of each quarter.


Oklahoma Department of Agriculture, Food & Forestry
Market Development Services
P.O. Box 528804
Oklahoma City, OK 73152

Economic Development Administration Economic Adjustment Assistance Title IX Revolving Loan Program

The Economic Development Administration (EDA) oversees multiple programs offering development assistance to targeted communities that meet specific criteria for economic distress. These programs include the Planning and Assistance Program, the Economic Adjustment Assistance Title IX Revolving Loan Fund, and grants for Public Works and Development Facilities, Planning Assistance, Technology Assistance, and Trade Adjustment Assistance.
The Economic Development Administration was established under the Public Works and Economic Development Act of 1965 to generate new jobs, help retain existing jobs and stimulate industrial and commercial growth in economically distressed areas of the United States.
EDA assistance is available to rural and urban areas of the nation experiencing high unemployment, low-income levels, or sudden and severe economic distress. In fulfilling its mission, the Economic Development Administration is guided by the basic principle that distressed communities must be empowered to develop and implement their own economic development and revitalization strategies. Based on these locally and regionally developed priorities, the Economic Development Administration works in partnership with state and local governments, regional economic development districts, public and private nonprofit organizations and Indian tribes.


The EDA provides grants and loans to support economic development in communities that are experiencing 1) high unemployment levels, 2) low per-capita income levels or 3) special needs, such as severe economic dislocation from trade impacts, natural disasters, out-migration, or other factors. Its grants generally require a 50 percent to 20 percent match by state and/or local government, with incentives for participation in long-term comprehensive planning activities.
The EDA helps distressed communities address problems associated with long-term economic deterioration, the closure of military installations and other federal facilities, as well as sudden and severe economic dislocations including recovering from the economic impacts of natural disasters.

Application Process

EDA responds to applications by local partnerships, usually led by local and state governments. EDA money is a significant contributor of seed money for major infrastructure investments and long-term planning. As such, it can leverage significant additional public and private investment. Public Works and Facilities Grants are provided to help distressed communities attract new industry, encourage business expansion, diversify their economies and generate long-term, private-sector jobs.


Economic Development Administration
Sam Spearman, Regional Office
700 West Capitol, Rm. 2509
Little Rock, Ark. 72201

Oklahoma Title IX Intermediaries
Central Oklahoma Economic Development District
P.O. Box 3398
Shawnee, OK 74802-3398
(405) 273-6410

City of Miami
P.O. Box 309
Miami, OK 74355

Miami Area Economic Development Service
2 North Main, Suite 600
Miami, OK 74354

City of Oklahoma City
420 W. Main, Suite 900
Oklahoma City, OK 73102

Northern Oklahoma Development Authority
2901 N. Van Buren
Enid, OK 73703

Rural Enterprises Inc.
P.O. Box 1335
Durant, OK 74702

Southwest Oklahoma Development Authority
P.O. Box 569
Burns Flat, OK 73624

Tulsa Port of Catoosa Authority
5350 Cimarron Road
Catoosa, OK 74015-3027

Oklahoma Capital Access Program (OCAP)

The Oklahoma Capital Investment Board (OCIB) supports investments that catalyze new sources of equity and near-equity capital for Oklahoma business. The board manages a $100 million resource. Through its venture capital program the board supports investments in private, professionally managed venture capital firms that will commit to building an enduring presence within the state.

Through its Oklahoma Capital Access Program, the board provides credit insurance to banks to help them stretch to make loans to Oklahoma businesses that might not otherwise be made.

CAPs are lending programs in which participating states and municipalities make contributions to lenders’ loan loss reserve pools, allowing lenders to make slightly more challenging small business loans than they would using conventional underwriting. These programs provide a cost-efficient and simple way to promote the growth of small businesses.


Banks may not use the OCAP program to refinance an existing loan on its books without adding new money. The loan cannot be used to support speculative and estate purchases or real estate development.
Proceeds of an OCAP loan must be used for an Oklahoma business purpose. At least 50% of the employees, assets of the business or project being financed must be located in Oklahoma. There are no job creation requirements for this program.

Application Process

Banks, not borrowers, make application to the Oklahoma Capital Access Program. There are no minimum equity requirements. The maximum cumulative loan amount made over a three-year period to any one borrower, or group of borrowers, is limited to $2.5 million. The program’s administrator must authorize larger loan amounts. The enrolled bank booking the loan determines the collateral and lien positions.
Rates and terms are left to the discretion of the enrolled bank booking the loan. At a minimum, the borrower or the borrower and the bank combined remit up front to OCIB three percent of the loan amount.
This is subsequently matched by OCIB for a total six percent contribution to the bank’s earmarked reserve account. At maximum, seven percent of the loan amount is remitted up front and matched by OCIB for a total of 14 percent. This one-time up-front guarantee fee can be amortized over the full loan term. As an added incentive, OCIB will match 150 percent of the guarantee fee contributed on each loan for the first $3 million in loans that each bank enrolls in the program.


Oklahoma Capital Investment Board
301 NW 63rd St., Ste. 520
Oklahoma City, OK 73116

Oklahoma Industrial Finance Authority

The Oklahoma Industrial Finance Authority (OIFA) provides permanent financing for real estate and equipment. Its primary purpose is to assist industrial development in the state by increasing employment.


The OIFA has both tax-exempt and taxable financing available for most types of industries, including: manufacturing, agriculture processing, and certain mining or recreational/tourism facilities.

Application Process

Businesses may contact the Oklahoma Industrial Finance Authority to explore financing available to them under these guidelines:
• $5 million limit
• Fixed asset collateral (land, buildings and equipment)
• Up to 15-year term
• Fixed rate terms
• Loan recipient can be private or public entity
• Expansions or relocations
• Bank participation encouraged
• Below market rates for tax-exempt qualified projects


Steve Blake
Oklahoma Finance Authorities
5900 N. Classen Ct.
Oklahoma City, OK 73118

Oklahoma Linked Deposit Loan Programs

The Oklahoma Treasurer administers the Linked Deposit Loan Programs, created in 1987 to provide special, low-interest loans to eligible family farmers and small businesses.

Oklahoma Small Business Linked Deposit Program

This is an economic development tool that reduces debt service costs to Oklahoma small businesses. The program helps preserve existing jobs as well as helping create jobs and business expansion. It can be used for a broad range of business and types of industry.


Any small business organized for profit doing business in and from Oklahoma, with no more than 200 employees or gross annual receipts of no more than $4 million, is eligible to apply. Any industrial park that has been certified by the Oklahoma Department of Commerce is also eligible.
A small business may request funding of up to $1 million. The limit on the amount of funding an industrial park may request is $6 million. The amount that will be funded is based on the number of jobs that will be created or preserved because of receipt of a low interest loan.

Oklahoma Agricultural Linked Deposit Program

This economic development program is aimed at reducing debt service costs to Oklahoma farmers and ranchers. The linked deposit loans are available to at-risk farm or ranch operations or to alternative agricultural products operations who are residents of the Oklahoma and whose business operation is located in this state.


For an at-risk farm or ranch to be eligible for an Agricultural Linked Deposit Loan, the following criteria must be met: The percent of gross income from farming must have been 60% or more in at least one out of the two previous tax years. The consolidated business/family debt-to-asset ratio must be at least 55%. The linked deposit loan must be for the purpose of operating the business or for refinancing loans made to operate the business. An at-risk farm or ranch may request funding of up to a maximum of $350,000.
To be eligible to obtain a Linked Deposit Alternative Agricultural Products loan, the farm, ranch, or agri-business must certify in the loan application that the loan will be used for expanding or starting the production, processing or marketing of a product named as an alternative agricultural product. The Department of Agriculture determines what qualifies as an alternative agricultural product. The maximum funding for an alternative agricultural products operation is $1 million.

Application Process

Successful applicants for the Agricultural Linked Deposit and Small Business Linked Deposit programs receive private loans through local financial institutions at a reduced interest rate. The loans are funded through the placement of certificates of deposit at the participating financial institution, which bear interest rates of up to three percent below the standard rate. In effect, these savings are “passed on” to the borrowers participating in the program. Because the participating financial institutions must fully collateralize the certificates of deposit received from the treasurer, there is no risk of loss of public funds, even in the event the borrower defaults on his or her linked deposit loan.


State Treasurer’s Office
2300 N. Lincoln Blvd, Room 217
Oklahoma City, OK 73105