Small Business Linked Deposit Program (Oklahoma)

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Last modified on February 12, 2015.

EZFeed Policy

Place Oklahoma


   
Applies to States or Provinces Oklahoma
Name Small Business Linked Deposit Program (Oklahoma)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric (Small), Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Oklahoma Office of the Treasurer
Primary Website http://www.ok.gov/treasurer/Linked_Deposit/index.html



Last Review 2014-09-15


Information Source http://www.ok.gov/treasurer/documents/Biz-link-update-11.pdf.pdf


Summary

The Small Business Linked Deposit Program provides below-market interest rates for qualified small businesses and certified industrial parks through local financing sources. Loans are for a two-year term and may be renewed for three additional terms in accordance with guidelines of the State Treasurer’s office. In Enterprise Zones, loans may be for three years with a three-year renewal and a two-year renewal. In Priority Enterprise Zones, loans may be for five years with a three-year renewal. A small business may request funding of up to $1 million. The limit on the amount of funding an industrial park may request is $6 million. The amount that will be funded is based on the number of jobs that will be created or preserved because of receipt of a low interest loan.



Policy Contact

Contact Name Sherian Kerlin
Department Oklahoma State Treasurer
Division Linked Deposit Loan Programs




Phone (405) 522-4221

Fax (405) 522-0056
Email Sherian.Kerlin@treasurer.ok.gov
Website http://www.ok.gov/treasurer/Linked_Deposit/index.html
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Linked Deposit Programs
Date Effective 2010



















References