Tulsa Economic Development Corporation
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by Tulsa Economic Development Corporation
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $2.2M | $270K | 100.0% |
Geographic Distribution
SBA lending activity for Tulsa Economic Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Oklahoma (OK) | 8 | $2.2M | 100.0% |
Why Choose Tulsa Economic Development Corporation?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 8 SBA loans approved, totaling $2.2M in financing
- ✓Industry Expertise: Specialized focus on Coin-Operated Laundries and Drycleaners
- ✓Competitive Terms: Average interest rate of 9.50% with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $270K to $270K, with an average of $270K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in OK
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Tulsa Economic Development Corporation SBA lending
What types of businesses does Tulsa Economic Development Corporation typically finance?
Tulsa Economic Development Corporation specializes in SBA 7(a) lending to specific industries including coin-operated laundries and drycleaners. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Tulsa Economic Development Corporation's typical SBA loan terms?
Tulsa Economic Development Corporation's SBA 7(a) loans typically feature an average interest rate of 9.50% and average term length of 72 months (approximately 6 years). Loan sizes range from $270K to $270K, with an average loan size of $270K.
Do I need a business valuation for a Tulsa Economic Development Corporation SBA loan?
Yes, Tulsa Economic Development Corporation typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Tulsa Economic Development Corporation compare to other SBA lenders?
Tulsa Economic Development Corporation has originated 8 SBA loans totaling $2.2M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Tulsa Economic Development Corporation lend in?
Tulsa Economic Development Corporation provides SBA 7(a) financing with particularly strong presence in OK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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