Oklahoma Industrial Finance Authority

The people of Oklahoma created the Oklahoma Industrial Finance Authority (OIFA) in 1959. OIFA was established as a constitutional non-appropriated authority with a mission to “expand employment and diversify the state’s economy.” The Oklahoma Industrial Finance Authority has one major function – lending the capital that a business needs for start-up or expansion. OIFA, through industrial development agencies, can lend money on land, building and equipment for projects encompassing industrial, recreational, agricultural processing, manufacturing or enterprises which process mined resources.