New & Existing Business


The U.S. Small Business Administration (SBA) provides four primary areas of assistance to small businesses: Advocacy, Management, Procurement, and Financial Assistance. Financial Assistance is delivered primarily through SBA’s investment programs, business loan programs, disaster loan programs, and bonding for contractors.
Category Funding Sources
SBA Business Loan Programs
SBA 7(a) Loan Program
SBA CommunityExpress Loan Program
Oklahoma Small Business Development Centers
SCORE Counselors to America’s Small Businesses
SBA Disaster Assistance
SBA Import/Export Financing
SBA 504 Loan Program
SBA Microloan Program
SBA Patriot Express Loan Program

SBA Business Loan Programs

The SBA administers and sets the guidelines for a variety of business loans, and SBA’s partners (lenders, community development organizations, and microlending institutions) make the loans to small businesses. SBA backs those loans with a guaranty that eliminates some of the risk to the lending partners.
The loan guaranty provided by SBA transfers the risk of borrower non-payment, up to the amount of the guaranty, from the lender to SBA. Therefore, when a business applies for an SBA loan, they are actually applying for a specially structured commercial loan, which receives an SBA guaranty.

SBA Investment Programs

Small Business Investment Companies (SBIC), licensed by the SBA, are privately owned investment firms.

SBA Bonding Programs

The Surety Bond Guarantee (SBG) Program provides small and minority contractors with contracting opportunities. The SBA can guarantee bonds for contracts up to $2 million, covering bid, performance, and payment bonds for small and emerging contractors who cannot obtain surety bonds through regular commercial channels. SBA’s guarantee gives sureties an incentive to provide bonding for eligible contractors.
2009 Recovery Act Change: The maximum contract amount increases to $5 million, and, under certain circumstances, covers contracts worth $10 million.


U.S. Small Business Administration
Oklahoma City District Office
Federal Building
301 NW 6th St, Ste. 116
Oklahoma City, OK 73102

SBA 7(A) Guaranty Loan Program

SBA 7 (A) Update
More small businesses will be eligible for U.S. Small Business Administration-backed loans, meaning greater access to much-needed capital in this tough economy, as a result of a temporary alternate size standard for the agency’s largest lending program.
SBA’s alternate size standard for its 7(a) loan program is now in effect through Sept. 30, 2010. As a result of the temporary change, more than 70,000 additional small businesses – including auto and RV dealerships, auto industry suppliers and others – could be eligible to apply for SBA 7(a) loan.

The SBAs 7(a) loans are the most basic and most used type of loan in SBAs business loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the agency to provide business loans to American small businesses.
All 7(a) loans are provided by lenders who are called participants because they participate with SBA in the 7(a) program. Not all lenders choose to participate, but most American banks do. There are also some non-bank lenders who participate with SBA in the 7(a) program, which expands the availability of lenders making loans under SBA guidelines.


All businesses that are considered for financing under the 7(a) loan program must:

  • meet SBA size standards,
  • be for-profit,
  • not already have the internal resources (business or personal) to provide the financing, and
  • be able to demonstrate repayment.


Application Process

The SBA 7(a) Loan Program has a maximum loan amount of $2 million. SBA’s maximum exposure is $1.5 million. SBA loan programs are generally intended to encourage longer term small business financing but actual loan maturities are based on: the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed. However, maximum loan maturities have been established: 25 years for real estate and equipment; and, generally 7 years for working capital. Interest rates are negotiated between the borrower and the lender but are subject to SBA maximums, which are pegged to the Prime Rate.
Commercial lenders make and administer the loans. The business applies to a lender for financing. The lender decides if they will make the loan internally or if the application has some weaknesses which, in their opinion, will require an SBA guaranty.
Repayment ability from the cash flow of the business is a primary consideration in the SBA loan decision process but good character, management capability, collateral, and owner equity contributions are also important. All owners of 20 percent or more are required to personally guarantee SBA loans. SBA 7(a) Loan Program Details


Your Local Lender or U.S. Small Business Administration
Oklahoma City District Office
Federal Building
301 NW 6th St., Ste. 116
Oklahoma City, OK 73102

SBA Community Express Loan Program

CommunityExpress, a pilot SBA loan program developed in collaboration with the National Community Reinvestment Coalition (NCRC) and its member organizations, is available to selected lenders. This program, offered to pre-designated geographic areas serving mostly low and moderate income areas and new market small businesses, provides funding and technical and management assistance to help increase the loan applicant’s chances of success.

Technical Assistance

With CommunityExpress, borrowers receive pre- and post-loan closing technical and management assistance from local non-profit providers and/or from participating lenders, with that assistance coordinated, arranged and, when necessary, paid for by CommunityExpress lenders. CommunityExpress lenders may also consider this technical assistance as a collateral enhancement.
The maximum loan is $250,000 with a maximum interest rate set at a level equal to other SBA loan programs. The program’s rules for revolving lines of credit allow for revolving loans of up to 7 years.
Lenders are not required to take collateral for loans up to $25,000. Lenders may use existing collateral policy for loans over $25,000 and up to $150,000. Loans greater than $150,000 follow SBA’s general collateral policy.


SBA is expanding the program to lenders that have at least a 90% currency rate on their SBA 7(a) portfolio for the last 3 fiscal years and to selected lenders that meet the eligibility requirements for participating in other SBA loan programs. CommunityExpress is not for agricultural and farm businesses, medical and residential care facilities, or mining operations.

Application Process

CommunityExpress lenders must establish (and document) an internal procedure to ensure the consistent delivery of appropriate and effective technical and management assistance. The process begins with the identification of qualified and committed technical assistance providers. The focus then shifts to the CommunityExpress applicant and the provider’s development of a business plan (as appropriate) and an assessment of the applicant’s management and technical assistance strengths and weaknesses. CommunityExpress Loan Program Details


U.S. Small Business Administration
Oklahoma City District Office
Federal Building
301 NW 6th St., Ste. 116
Oklahoma City, OK 73102

Oklahoma Small Business Development Centers

With a network of 15 centers located across the state, the Oklahoma Small Business Development Centers (OSBDCs) provide high-quality, one-to-one business counseling, economic development assistance, and training to small businesses and entrepreneurs. Potential benefits from working with the OSBDCs:

  • Business plan development and implementation assistance
  • Increased profitability
  • Management support
  • Innovation advancement
  • Government contract procurement assistance


Contact Your Local OSBDC

East Central University
Ann Ritter
1100 E. 14th St. #S-73
Ada, OK 74820

Northwestern Oklahoma State University
Jeanne Cole
709 Oklahoma Blvd.
Alva, OK 73717

Northeastern State University – Broken Arrow
John Blue
3100 E. New Orleans
Broken Arrow, OK 74014

Southeastern Oklahoma State University
Cynthia Revels
1405 N. 4th Ave., PMB2584
Durant, OK 74701

Northwestern Oklahoma State University – Enid
Bill Gregory
2929 E. Randolph
Enid, OK 73701

Northwestern Oklahoma State University/Panhandle State University
Mark Aubrey
118 NW Fourth St.
Guymon, OK 73942

Southwestern Oklahoma State University – Lawton
Mary Eichinger
711 SW D, Suite 203
Lawton, OK 73501

Northeastern State University – Miami
Thomas Royce
PO Box 3985
Miami, OK 74354

Rose State College
Mike Cure
6420 SE 15th St.
Midwest City, OK 73110

Langston University Minority Assistance Center
4205 N. Lincoln Blvd.
Oklahoma City, OK 73105

University of Central Oklahoma
Susan Urbach
115 Park Ave.
Oklahoma City, OK 73102

East Central University – Poteau
Kelly Johnson
1507 S. McKenna
Poteau, OK 74953

Northeastern State University – Tahlequah
309 N. Muskogee
Tahlequah, OK 74464

Northwestern State University – Tulsa
Bill Mount
2 West Second, Williams Towers
Tulsa, OK 74103

Southwestern Oklahoma State University – Weatherford
Doug Misak
100 Campus Dr.
Weatherford, OK 73096

SCORE Counselors to America’s Small Businesses

SCORE, based in Washington, D.C., is a nonprofit association dedicated to entrepreneurial education and the formation, growth, and success of small businesses nationwide. SCORE volunteers provide free and confidential business counseling and advice as a public service, saving entrepreneurs and small businesses much-needed capital by providing free services that are often too costly for startups.

Oklahoma SCORE Locations

PO Box 1585
Ardmore, OK 73402

2929 E. Randolph
Enid, OK 73701

201 S. Main
Grove, OK 74344

Oklahoma City
301 NW Sixth St., STE. 116
Oklahoma City, OK 73102

907 S. Detroit, Ste. 1012
Tulsa, OK 74120

SBA Disaster Assistance

The SBA plays an important role in helping individuals and businesses recover from disasters by providing affordable, timely, and accessible financial assistance to homeowners, renters, and businesses.
Disaster Planning & Recovery Guide
The SBA Disaster Office that serves Oklahoma is located in Texas:
U.S. Small Business Administration
Disaster Assistance Processing & Disbursement Center
14925 Kingsport Rd.
Fort Worth, TX 76155-2243

SBA Import/Export Financing

The SBA offers two main loan programs to help small businesses enter or expand into foreign markets as well as import supplies from the global marketplace: the Export Working Capital Loan Program (EWCLP) and the Export Express Loan Program. EWCLP and Export Express Loan Details

SBA 504 Loan Program

Certified Development Companies (CDCs), authorized by the SBA, administer the program. The 504 loan program is a long-term financing tool for economic development within a community. The program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. SBA 504 Loan Details

2009 Recovery Act Change: SBA can now use the 504 program to refinance existing loans used to purchase real estate and other fixed assets.

SBA Microloan Program

The Microloan Program provides very small loans to start-up, newly established, or growing small business concerns. Under this program, SBA makes funds available to nonprofit community based lenders (intermediaries), which then make loans to eligible borrowers in amounts up to $35,000. The average loan size is about $13,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level.
2009 Recovery Act Change: The Act provides funding to increase loans from SBA to participating microlenders by $50 million through Sept. 30, 2010, and adds $24 million in grants to provide technical assistance to borrowers.

Technical Assistance

Each intermediary is required to provide business based training and technical assistance to its microborrowers. Individuals and small businesses applying for microloan financing may be required to fulfill training and/or planning requirements before a loan application is considered.

Application Process

Small businesses that are interested in applying for a microloan should contact a microlender in their area. To locate an intermediary near you:


U.S. Small Business Administration
Oklahoma City District Office
Federal Building
301 NW 6th St., Ste. 116
Oklahoma City, OK 73102
Microloan Program Details

SBA Patriot Express Loan Program

Patriot Express is for veterans, service-disabled veterans, service members leaving active duty, Reservists and National Guard members, current spouses of any of the above, spouses of active duty members, and the widowed spouse of a service member who died during service, or of a service-connected disability. The Patriot Express initiative builds on more than $1 billion in loans SBA guarantees annually for veteran-owned businesses, and the counseling assistance and procurement support it provides each year to more than 100,000 veterans, service-disabled veterans and Reserve members. Patriot Express is a streamlined loan product based on the agency’s highly successful SBA Express Program, but with enhanced guaranty and interest rate characteristics. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 85% for loans of $150,000 or less and up to 75% for loans over $150,000 up to $500,000. For loans above $350,000, lenders are required to secure all available collateral to back the loan and may obtain collateral for smaller loans depending upon individual bank requirements. Interest rate maximums for Patriot Express loans are the same as those for regular 7(a) loans: a maximum of Prime + 2.25% for maturities under seven years; Prime + 2.75% for seven years or more. Interest rates can be higher by 2% for loans of $25,000 or less; and 1% for loans between $25,000 and $50,000.

Details and Contact Information