Providing capital access for small businesses and entrepreneurs in Northeast OKC
The NEOKCR Revolving Loan Fund seeks to directly impact the economic development of NEOKC by aiming to lower the barrier to access to capital for BIPOC businesses in our immediate community. The RLF strives to make capital more equitable and accessible.
The Fund's Target Audience
Geographically located within Northeast OKC
Qualified Census Tract(s) as defined by HUD, CDFI Fund etc.
LMI Area
BIPOC (Black Indigenous People of Color)
Small Business Certification
Government Contractors
Woman Owned
Low Income Housing Units
Rural Areas
Child Care
Health Care
Full Time Job Creation/Expansion
Great Mission Impact (Charitable work, second chance employment, employment of disabled)
Predominantly Black County as defined by census bureau
The Revolving Loan Fund has most recently financed the acquisition of land for a 20-unit mixed income housing development in Northeast OKC.
Neighborhood-focused
Preserving culture
Empowering entrepreneurs
Increasing access
Solutions Based Lending
Non-Standard Credit Underwriting standards
Mission Based Lending
Community Impact Based Lending
Higher LTVs
Low fees, points and closing cost
Ability to wrap loan cost
Pamphlet for potential borrowers
Info for potential funders, partners, investors
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EQ2 (debt-Equity)
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Equity Investment
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Loan Participation Program