Tulsa Capital Accelerator (TCA), a groundbreaking financial tool tailored for diverse entrepreneurs, poised to propel exceptional businesses to new heights while serving communities at large. Our program is meticulously crafted to address systemic barriers in traditional financial avenues, ensuring that entrepreneurs have equitable access to capital and resources essential for business growth.
At TCA, we redefine the landscape of financial support by providing affordable loans specifically designed for minority-owned businesses. Unlike conventional institutions that often overlook promising entrepreneurs, we actively seek to empower those traditionally deemed as "less qualified borrowers" by offering funding at a cost-effective rate. Our deliberate structuring enables us to reassess financial risk, eliminating unfair biases and opening doors for deserving entrepreneurs.
Our impact extends beyond mere financial metrics, reaching into the realms of social empowerment and community progress. Through our program, we catalyze:
Join us in redefining success beyond financial gains, and together, let's build a future where diversity and inclusion drive economic prosperity and social transformation.
Entrepreneurs and business owners who operate businesses that contribute to job creation, revenue growth, industry diversification, or social innovation are eligible. Applicants must meet TCA’s financial and operational criteria.
Loan amounts range from $500 to $10,000, with repayment terms of 12 to 60 months based on the loan purpose, business revenue, and risk assessment.
TCA's interest rates are determined by a combination of the prime rate and risk assessment factors. Currently, rates range from 12% to 19.99%. Rates are designed to be competitive and affordable for small businesses, with fixed rates to ensure predictability in repayment.
Applications are reviewed on a rolling basis, with an initial review within 10 business days of submission. The full underwriting process, including due diligence, may take 4-6 weeks, depending on the completeness of the application.
Yes, there is a non-refundable $60 application fee, which must be paid before your application is reviewed. An invoice will be sent within 48 hours of submission.
Borrowers have access to technical assistance, including:
Once approved:
If denied, applicants will receive a summary of reasons and recommendations for improvement. They may reapply after addressing the identified concerns and must wait at least 90 days before submitting a new application.
109 Hay St.
Ste 202
Fayetteville, NC 28301
202-704-6661
Financial information about this organization and a copy of its license are available from the State Solicitation Licensing Branch at 919-814-5400. The license is not an endorsement by the State.
CULTIVATING MINDS TO CHANGE LIVES
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