The energy industry is one of the primary income earners in Oklahoma and contributes $35 billion to the state’s gross domestic product. In fact your state of Oklahoma is the third-largest producer of natural gas. If you are a part of the 358,647 small businesses in Oklahoma and are looking for a business line of credit you’ve come to the right place. 

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These industries have the highest number of small businesses:

• Other services - 55,167
• Construction - 44,744
• Professional, scientific and technical services - 39,717
• Retail Trade - 36,134
• Administrative, support and waste management - 31,448

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These small businesses in Oklahoma employ 710,271 individuals which is about 52% of the entire state's labour force. 

The rates for a business line of credit in Oklahoma are like most other states. Ranging from 4% to 8%, these revolving lines of credit are issued by local and national banks. Most businesses in Oklahoma that are approved for a line of credit, never knew they could access such cheap money. There are thousands and thousands of Oklahoma businesses that could qualify for cheaper money than what they are used to. That’s why now is the best time to apply for a line of credit.

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-Revolving Line of Credit allows you to access cash when you need it.

-With rates as low as 4%, these credit lines are cheaper than most credit card companies.

-Your business doesn’t have to borrow expensive MCA’s (merchant cash advance) to finance operations and cash flow dips.

-You can keep your current business bank account at your current bank.

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Line of Credit Depot has the largest network of local and national banks in Oklahoma, so your business gets paired with the best programs.

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