Small-business lending and CDFI certification
Summary
TEDC's Rose Washington urged continued CDBG-backed small business loans, noting a ~12% loss rate, a revolving loan fund, and a new plan to connect rapidly rehoused residents with jobs at supported businesses.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 8, 2026.
Impact analysis
CDBG small business loans leverage additional private funding and are recycled through a revolving fund.
Small business owners and job seekers in low-income Tulsa neighborhoods.
Mentions & discussions (3)
Hispanic/LatinX Affairs Commission - Oct 8, 2026
Avanzando Juntos has lent $2.3 million to Latino entrepreneurs and is awaiting federal CDFI certification, which would make it the city's second such lender and expand flexible capital for small businesses.
Tulsa Authority for Economic Opportunity - Jul 23, 2026
The Cherokee Nation has $86 million in federal SSBCI funds to lend for commercial projects, paired with private capital, at 4-7% rates. Microenterprises in designated opportunity zones — including parts of North Tulsa — can get up to $25,000 at 2% with no private lender required. Board members flagged North Tulsa's predatory lending problem and asked the tribe to do targeted outreach there.
HUD Community Development Committee - Jul 9, 2026
TEDC's Rose Washington urged continued CDBG-backed small business loans, noting a ~12% loss rate, a revolving loan fund, and a new plan to connect rapidly rehoused residents with jobs at supported businesses.
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