Business Loans in Oklahoma

Oklahoma's economy is anchored by energy production, aerospace, agriculture, and a growing technology sector. The state is among the top five oil and natural gas producers in the nation, and Oklahoma City has historically served as a major hub for energy company headquarters. The state has successfully diversified, with Tulsa emerging as a surprising tech hub thanks to the Tulsa Remote program that attracted thousands of remote workers. Oklahoma's aerospace and defense sector is the third-largest in the nation, with the FAA's Mike Monroney Aeronautical Center, Tinker Air Force Base (the state's largest employer), and numerous aviation maintenance and manufacturing companies. The state's bioscience corridor between Oklahoma City and Tulsa houses the Oklahoma Medical Research Foundation and growing biotech companies. Agriculture contributes significantly, with Oklahoma ranking among the top states for cattle, wheat, and poultry production. Oklahoma's approximately 370,000 small businesses benefit from one of the lowest costs of doing business in the nation, including affordable commercial real estate, competitive wages, and no state tax on business inventory. The Oklahoma Department of Commerce offers the Quality Jobs Program, the Oklahoma Community Economic Development Pooled Finance program, and the 21st Century Quality Jobs Incentive for innovation companies.