Neustar Control Tag Business Lending - Oklahoma Central Credit Union
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Business Lending

  

 Elan business feb 24

Business Credit Cards

Choose from our popular business credit card options such as low rate, cash back or flexible rewards to
find the one that works best for your business.

No matter which card you choose, your business will benefit from important features like:

  • Free online expense reporting tools.
  • No fee for additional employee cards.
  • Mobile payment capability for added convenience.
  • Zero Fraud Liability.* You won't be liable for fraudulent purchases when your card is lost or stolen.
  • Cardmember Service available 24 hours a day/365 days per year.
LEARN MORE

*Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardholder must notify Elan Financial Services promptly of any unauthorized use. Certain conditions and limitations may apply.

Small Business Lending

Looking for a small business loan to get the working capital you need? We can help.

A smart plan to grow your business deserves a strong financial partner. As an SBA-certified lender, Oklahoma Central offers reliable financing so your business has the support it needs to thrive.

When progress calls for you to make new long-term investments, our small business loans offer fast turnaround and secured backing so you can focus on what’s important—your business.

APPLY NOW

  

 

Small Business Loan types available:

  • Term loans – secured by business equipment
  • Fleet vehicle loans
  • Working capital loans – secured by business assets
  • Commercial real estate loans
  • Business credit cards
  • SBA loans – see below

We offer three popular SBA loan programs to help your business succeed.

  • SBA 7(a) loans – Includes veteran-owned business loans. Proceeds may be used for:
    • Construction
    • Working capital
    • Qualified debt repayment
    • Purchase of land/building, machinery
    • Equipment or inventory
  • SBA 504 loans – A long term/fixed-rate financing tool for major fixed assets such as land and equipment for a business location. Proceeds may be used for:
    • Purchase of land (including existing buildings)
    • Machinery
    • Equipment and improvements (including grading, street improvements, utilities, parking lot and landscaping)
    • Construction of new facilities or modernizing, renovating or converting existing facilities
  • SBA Express loans – this loan features an accelerated turnaround time for SBA review. $350,000 maximum loan amount and expedited processing and closing.

What does SBA look for in a loan application?

There are a few requirements that must be in order for your business to qualify for an SBA loan:

  • Applicant must be eligible (For profit business owned and controlled by a US citizen or legal permanent resident, no visas).
  • Repayment ability comes from the cash flow of the business.
  • Applicant must be of good character (Both credit and criminal history).
  • Collateral purchased from loan funds and personal guaranty generally secure the loan.
  • Owner’s personal equity contribution.

Questions?

Please contact Commercial Services, at CommercialServices@OklahomaCentral.org or 918-664-6000 x420.

 

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