About this programme
REI Oklahoma (Rural Enterprises of Oklahoma, Inc.) is a community development lender that runs a Direct Loan program for new and existing Oklahoma businesses, alongside partner-backed products such as SBA 504 loans, SBA Microloans, USDA Intermediary Relending, and equipment loans for manufacturing and for meat and poultry businesses.
The Direct Loan program is built for businesses that need financing on terms a conventional lender will not offer, whether that is a longer repayment period, a smaller loan size, or a borrower who does not fit a bank's standard box. REI Oklahoma draws on funding partners including the U.S. Small Business Administration, USDA Rural Development, and the Economic Development Administration to keep its lending programs flexible.
REI Oklahoma does not discriminate on the basis of race, color, national origin, sex, disability, or age in its programs and activities, and provides equal access to all.
How it works
Direct Loans range from $1,000 to $500,000 and are described as a straightforward, supportive path to capital for expanding operations, purchasing equipment, or covering day-to-day needs.
The program fits real estate purchases, construction or renovations, equipment or machinery, inventory and materials, and working capital.
In a real example REI Oklahoma publishes, an Oklahoma excavating company needed equipment but could not find a conventional lender offering a long enough repayment term. REI Oklahoma structured an $82,000 project as a 90% direct loan ($73,800) plus 10% equity from the borrower ($8,200), covering $79,000 in equipment and $3,000 in professional fees. The financing mix varies by project; this is one worked example, not a fixed formula.
Who can apply
Open to new and existing businesses in Oklahoma seeking startup or expansion capital that a conventional lender cannot structure on workable terms.
How to apply
- Contact REI Oklahoma's lending team; someone reaches out to learn about the business, discuss goals, and help identify the funding option that fits.
- A loan application package is available for download on REI Oklahoma's lenders page for those working with a commercial lender on an SBA 504 loan.
Documents you’ll typically need
- REI Oklahoma Loan Application Package (PDF, on the lenders page)
Frequently asked
How large are REI Oklahoma's Direct Loans?
They range from $1,000 to $500,000.
What can a Direct Loan pay for?
Real estate purchases, construction or renovation, equipment or machinery, inventory and materials, and working capital.
Do I need to put in equity alongside the loan?
It can vary by project. In REI Oklahoma's published example, an $82,000 project was financed as a 90% direct loan with 10% borrower equity, but the mix depends on the deal.
What if a bank already turned me down?
REI Oklahoma positions Direct Loans for businesses a conventional lender could not serve on workable terms, such as needing a longer repayment period.
Where are REI Oklahoma's offices?
Durant (2912 Enterprise Drive) and Oklahoma City (318 NW 13th Street); the main line is (800) 658-2823.
More funding in Oklahoma
Industry Innovation Program (Oklahoma Applied Research Support)
Oklahoma Center for the Advancement of Science and Technology (OCAST) · Oklahoma
OCAST matches up to $500,000 for Oklahoma companies developing new technology in aerospace, defense, biotech, or energy.
Investment/New Jobs Tax Credit Package
Oklahoma Department of Commerce / Oklahoma Tax Commission · Oklahoma
Oklahoma manufacturers get a 5-year tax credit on new capital investment or hiring, starting at just $50,000 invested.
Oklahoma Business Lending Partnership Program (OBLP)
OCAST, delivered through TEDC Creative Capital (State Small Business Credit Initiative) · Oklahoma
State-backed nondilutive loans up to $500,000 for Oklahoma small businesses, delivered through TEDC Creative Capital.
REI Oklahoma Veteran Loan Program
REI Oklahoma (Rural Enterprises of Oklahoma, Inc.) · Oklahoma
Oklahoma veterans and qualified military members can borrow up to $15,000 from this CDFI loan fund to start or grow a business.
Small Business Incubators Incentives Act
Oklahoma Department of Commerce · Oklahoma
Startups based in a certified Oklahoma business incubator can earn a state income tax exemption for up to ten years.
Small Employer Quality Jobs Program
Oklahoma Department of Commerce · Oklahoma
Oklahoma pays small employers with 500 or fewer staff up to 5% of new payroll back each quarter for up to seven years.
All 8 programmes in Oklahoma →
Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.