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LoanOklahomaActiveVerified

Oklahoma Small Business Linked Deposit Program

Oklahoma State Treasurer (OST)OK-SBLDRefreshed 1 month ago
Do I qualify?
Max funding

$1.0M

per applicant

Type

Loan

Below-market financing

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Apply when you're ready

Complexity

Moderate

Underwriting required

About This Program

Below-market interest rate loans for Oklahoma small businesses through participating banks, with the state subsidizing the rate by depositing state funds at reduced interest in exchange for banks passing savings to borrowers.

Key Requirements & Eligibility

  • 1Business must have 250 or fewer employees and be located in Oklahoma
  • 2Must demonstrate conventional financing is available but at rates too high
  • 3Loan interest rate: up to 3% below prime rate (floor of 5%)
  • 4Loan amounts: up to $1M per business
  • 5Available through participating Oklahoma financial institutions

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must have 250 or fewer employees and be located in Oklahoma

2.Must demonstrate conventional financing is available but at rates too high

3.Loan interest rate: up to 3% below prime rate (floor of 5%)

4.Loan amounts: up to $1M per business

5.Available through participating Oklahoma financial institutions

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