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
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Qualified Census Tract(s) as defined by HUD, CDFI Fund etc.
LMI Area
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BIPOC (Black Indigenous People of Color)
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Small Business Certification
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Government Contractors
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Woman Owned
Low Income Housing Units
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Rural Areas
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Child Care
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Health Care
Full Time Job Creation/Expansion
Great Mission Impact (Charitable work, second chance employment, employment of disabled)
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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
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Preserving culture
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Empowering entrepreneurs
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Increasing access
Solutions Based Lending
Non-Standard Credit Underwriting standards
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Mission Based Lending
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Community Impact Based Lending
Higher LTVs
Low fees, points and closing cost
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Ability to wrap loan cost
Pamphlet for potential borrowers
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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