Agency / Department: Fort Gibson
Resource: Small Business Loan
Details: “We’re not going to compete with the banks, it’s not an all-in loan,” Boatman said. “If you need a half million dollars, we might loan you $100,000 at a great rate.”
DeShazo said the loan can help small businesses secure other loans.
“We’re not 100 percent of their funding, they still have to get traditional financing,” he said. “But we can help with a major portion of what they need to get started.” The loan comes with the stipulation that the business hire one employee for every $1,000 the town loans, he said.