Disadvantaged Business Enterprise (DBE)
Funds are available for up to five (5) DBE firms that have individual business developmental needs in the areas of accounting methods, project management, managerial assistance, personnel skills and so forth. The maximum amount is up to $1,000 per firm, per fiscal year. The selected training class must help the attendee(s) achieve a level of proficiency to compete on projects with the ODOT. The training must be requested on the DBE Training Grant Requirement Form two (2) months in advance of the training date. Once approved, the funds are issued on a first come first served basis.
Company Website Development
Funds are available for up to four (4) DBE firms that would like to increase marketing through technology such as developing a website or other social media forums. The maximum amount is up to $450 per firm, per fiscal year. If you are interested in taking advantage of this program, please contact the Supportive Services program.
The ODOT may require a financial audit from DBE firms to comply with ODOT's policy for professional services contract consideration. Funds are available for DBE firms that provide contracted professional services to ODOT. The maximum amount is up to $5,000 per firm, per fiscal year. To request funds, the DBE firm should select a certified public accounting firm that is familiar with audits and request a letter of intent. After selecting a firm, submit a request to the Supportive Service program along with the letter of intent on the audit firm's letterhead. Include the audit objective, audit procedures or work to be performed, cost and other relevant information to the Supportive Services Coordinator.
Short Term Lending Program
The Short Term Lending Program's mission is to increase small businesses' economic competitiveness by providing access of capital for companies working on transportation related opportunities through strategic partnerships, education and financial services. DBE Certified or SBA Certified under Section 8(a); Small Disadvantaged Businesses; HUBZONE Empowerment Contracting Programs; and Service-Disabled Veterans are eligible. Startup businesses are not eligible to apply for the STLP. For more information visit: http://www.dot.gov/osdbu/financial-assistance/short-term-lending-program.
USDA - Business & Industry Guaranteed Loan
The Business & Industry (B&I) Guaranteed Loan Program guaranteed loans made by eligible lenders to rural businesses. The primary propose of this program is to create and maintain employment and improve the economic and environmental climate in rural communities. This is achieved by expanding private credit structure capability to make and service quality loans to provide lasting community benefits.
Rural Development - Oklahoma Program Guide Business & Industry Guaranteed Loan Supporting Documents