The Oklahoma Department of Commerce indicated that the state may offer 0% loans to small businesses, with the option to defer payments for the first 6 months. This is intended to be a very fast, straightforward lending process that will complement other lending programs being offered. This program is being actively developed, and more information will be shared soon. At this point, we understand the details of the program to include:
- Non-profits, sole proprietors, and small businesses under 25 employees.
- No payments for 6 months. 5-year term.
- 0% Interest.
- No accreditation