About this programme
REI Oklahoma (Rural Enterprises of Oklahoma, Inc.), a community development lender, runs a Veteran Loan Program to help veterans and qualified military individuals access capital to start, grow and build businesses in Oklahoma. REI Oklahoma frames the program around veterans' role in stimulating local economic growth, and built it to give them the financial support needed to make a lasting impact.
It sits alongside REI Oklahoma's other lending programs, including Direct Loans, SBA 504 loans, SBA Microloans, USDA Intermediary Relending, and equipment loans for manufacturing and for meat and poultry businesses.
How it works
The program lends up to $15,000 at a fixed interest rate of 7.50%, with no equity required from the borrower and a 100% financing option, meaning the loan can cover the full project cost.
The loan origination fee is waived.
In a published example, a veteran-owned business used a $15,000 loan, financed entirely through the program (100%), to purchase equipment ($10,000), expand inventory ($3,000), and add working capital ($2,000).
Who can apply
Open to veterans and qualified military individuals starting, growing, or building a business in Oklahoma.
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.
Frequently asked
How much can I borrow through the Veteran Loan Program?
Up to $15,000.
What's the interest rate?
A fixed rate of 7.50%.
Do I need to put in equity of my own?
No. The program requires no equity and offers a 100% financing option, and the loan origination fee is waived.
What can the loan be used for?
REI Oklahoma's published example covers equipment, inventory, and working capital; the program is described broadly as support to start, grow and build a business.
Who qualifies?
Veterans and qualified military individuals starting or growing a business in Oklahoma.
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 Direct Business Loans
REI Oklahoma (Rural Enterprises of Oklahoma, Inc.) · Oklahoma
An Oklahoma CDFI lends $1,000 to $500,000 directly to startups and small businesses for launch or expansion costs.
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.