The Oklahoma Eagle Newswire

Over the last five years, TEDC provided or located more than $150 million to help nearly 300 small businesses start or expand. These dollars will impact over 3,500 jobs. In 2005, we began to do business as TEDC Creative Capital reflecting our expanded range of programs and geographic reach.  Today, we make or facilitate loans ranging from $5,000 to $10 million using public and private funds. Our mission remains the same as it was at our founding: to create economic vitality in communities by encouraging small business growth.

TEDC receives funding from the U.S. Department of Housing & Urban Development’s CDBG program as a City of Tulsa sub-recipient, the U.S. Small Business Administration, the U.S. Department of Treasury’s CDFI Fund, and other public-private resources.

For local, hands-on assistance with business planning, visit:

TEDC is an equal opportunity lender

Small Business Loan

Valuable for projects lacking sufficient collateral; often TEDC Creative Capital can reduce a private lender’s exposure with subordinated financing.

TEDC uses Creative Capital to make small business loans through a partnership with the City of Tulsa’s Community Development Block Grant program funded by the U.S. Department of Housing and Urban Development.

Proceeds may be used for most business purposes. Rates and maturities vary based on project risk; however, job creation and/or retention for low and moderate income individuals is required. Funding availability is limited from time to time.

Businesses outside of Tulsa may qualify for assistance under another TEDC loan program.

Micro Loan

Combines loans with technical assistance to increase a borrower’s likelihood of success.

With intermediary funds from the SBA, TEDC lends up to $50,000 to small businesses across Oklahoma. Proceeds may be used for most business purposes.

The average loan is $12,000 with a maturity of six years or less.  Interest rates vary based on project risk.
SBA 504 Loan

Brings together SBA and private-sector funding to provide fixed rate, long-term financing for the purchase of land, buildings and long-life capital equipment.

SBA fully guarantees debentures (the 504 portion of a loan project) for 30 to 40% of project costs not to exceed $4 million.  Remaining funds are provided by the borrower (10-20 %) and private capital resources (50 percent) secured by a first lien.

Generally, a business must create or retain one job for every $65,000 of 504 funding.  Interest rates are pegged to an increment above the current market rate for 5- and 10-year U.S. Treasury issues.  Maturities of 10 and 20 years are available.  Fees total approximately three percent of the debenture and are financed in the loan.  Project assets are used as collateral.



Rose M. Washington, Executive Director
Peggy L. Prudom, Loan Manager
Janet Pieren, Administrative Operations Manager
Brenda Spry, Accounting Manager
Joanna Oxford, Loan Servicing Associate
Kim Prince, Administrative Operations Associate


125 West 3rd Street, 2nd Floor
Tulsa, OK 74103
Phone: (918) 585-8332
Fax: (918) 585-2473


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