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Business Loan Application
Frequently Asked Questions
How do I finance the start-up of a small business?
Each small business has different financing needs. To determine financing needs for your business, you must first have a business plan with a complete set of financial projections, including a balance sheet, income statement and a cash flow statement. REI Oklahoma Business Lending offers one-on-one business counseling to assist you with loan applications and other issues.
How do I apply for a business loan with REI Oklahoma Business Lending?
Applicants are required to submit a loan application and completed business plan. In every loan application there is a checklist detailing the specific information that you need for your application.
How do I submit my application?
Email your application to reibusinesslending@reiok.com
How long does the approval/denial process take?
Approximately 2-4 weeks from the time we receive all of your required information, depending on the complexity of the transaction.
Will I be required to invest owner equity?
Yes. In most cases, the borrower is expected to make an investment to demonstrate a personal commitment to the business.
Will I be required to pledge collateral for my loan?
Yes.
Does REI Oklahoma have grant money?
REI Oklahoma does not provide grants.
My business is not located in Oklahoma. Can I still apply for financing with REI Business Lending?
REI Oklahoma Business Lending only finances Oklahoma businesses.
Does REI Oklahoma Business Lending offer low-interest rate loans?
Interest rates are determined by the current market, project, risk and other qualifying factors.