COVID-19 Resources

Oklahoma Department of Commerce  

 

In response to this pandemic, ERDA has partnered with Autry Technology Center, the Greater Enid Chamber of Commerce, and REI Oklahoma to serve as a resource to our business partners during this COVID-19 crisis. Although this partnership is not affiliated with the Small Business Administration, our goal continues to be to support our community businesses by providing resources and assistance

Autry Technology Center COVID-19 Resource Page

DISASTER FUNDING PROGRAMS

Oklahoma Department of Commerce – March 31 Memo

Paycheck Protection Program 

Area businesses may be eligible for the Paycheck Protection Program (PPP), which is a part of the CARES Act that was passed by Congress.
 
Now that the bill has passed it goes to the SBA for development of guidance/implementation procedures which was worked on over the weekend and continues to progress. It is anticipated that later this week (hopefully on Friday, but the SBA has 15 days to develop guidance on much of this) the SBA and Treasury Department will launch the new Paycheck Protection Program to help keep employees on payroll and small businesses operating. Additional information about this program will be shared in the coming days.

FAQs

 

SBA Economic Injury Disaster Loan 

REQUIRED DOCUMENTS:  The following documents are required to process the application.

All forms can be found HERE on the SBA website.

  • Business Loan Application (SBA Form 5) completed and signed by business applicant.  
  • IRS Form 4506-T completed and signed by Applicant business, each principal owning 20% or more of the applicant business, each general partner or managing member and, for any owner who has more than a 50% ownership in an affiliate business. (Affiliates include business parent, subsidiaries, and/or businesses with common ownership or management). 
  • Complete copies, including all schedules, of the most recent Federal income tax returns for the applicant business; an explanation if not available. 
  • Personal Financial Statement (SBA Form 413) completed, signed and dated by the applicant (if a sole proprietorship), each principal owning 20% or more of the applicant business, each general partner or managing member. 
  • Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used). ADDITIONAL INFORMATION THAT MAY BE NECESSARY TO PROCESS YOUR APPLICATION: 
  • Complete copies, including all schedules, of the most recent Federal income tax returns for each principal owning 20% or more of the applicant business, each general partner or managing member, and each affiliate when any owner has more than a 50% ownership in the affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management. 
  • If the most recent Federal income tax return has not been filed, a year-end profit and loss statement and balance sheet for that tax year is acceptable. 
  • A current year-to-date profit and loss statement. 
  • Additional Filing Requirements (SBA Form 1368) providing monthly sales figures.
 

APPLY ONLINE AT: www.disasterloan.sba.gov/ela

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov.

To contact the SBA District Office in Oklahoma City, click here or call 405 609-8000. To contact the SBA Region 4 Office in Fort Worth, Texas, click here or call 817-684-5581. 

For more information on the CDC’s Interim Guidance for Businesses and Employers, click here.

For the most updated Department of Labor resources, click here.  

For the most updated Small Business Administration resources, click here.

 
The Oklahoma Department of Commerce will be hosting additional teleconferences for businesses interested in the COVID-19 Disaster Loan Program. Each meeting is free, but capped at 1,000 participants.

Tuesday, March 31, 2020
2-3pm
 
Thursday, April 2, 2020
2-3pm
 

 

Top five ways the CARES Act could benefit your household: 

  1. Cash in your pocket. 
  2. No penalty for withdrawing from retirement accounts early. 
  3. No required minimum distribution for 2020. 
  4. Tax savings for “above the line” charitable contributions. 
  5. New or extended access to unemployment benefits 

Source: Wymer Brownlee Wealth Strategies

Read Article

Essential vs Non-Essential

Job Seekers / Unemployment / Hiring:

 

 If you have access to Personal Protective Equipment (PPE) or can manufacture or have capabilities to fulfill PPE supplies please email the Situation Room at the OK Health Department: sitrm@health.ok.gov

Example: Face shields, Gloves, Googles, Glasses, Respirator, Ventilators 

 

If you suspect that you have contracted COVID-19, please call the Oklahoma State Department of Health call center at 1-877-215-8336.

If COVID-19 has impacted your ability to meet any of your basic needs, please use the resources of Heartline/2-1-1, a 24/7 helpline that provides assistance for Oklahomans in need.