Senator James Lankford took some time to speak with Chamber members on the Chamber’s latest COVID-19 Tele-Town Hall phone call yesterday.
Oklahoma City Council to consider $5.5M Small Business Continuity Program for COVID-19 emergency relief
The Alliance for Economic Development of Oklahoma City and the Greater Oklahoma City Chamber built the framework of the proposal, called the Small Business Continuity Program.
To qualify, businesses and non-profits must have a physical presence in Oklahoma, must have suffered or are likely to suffer substantial economic injury as a result of the pandemic, must be independently owned and operated, must not have credit available elsewhere and must meet size standards required by SBA.
Many companies in Oklahoma are hiring people now or will hire more people soon to help keep up with customer demand.
In addition to gathering paperwork, business owners can set up their user name and password at disasterloan.sba.gov and click “Apply online.” Owners can also start filling out the application to have it ready to file once the portal opens.
he survey was taken during a 48 hour period beginning at noon on Tuesday, March 17 and ending at noon on Thursday, March 19.
Responding to the survey is an important first step in helping the local economy to recover. Even if a business owner doesn't plan to ask for a loan, the provided information helps show the virus' effect.
To help businesses implement strategies to protect their workforce while ensuring continuity of operations, the Chamber has compiled a list of resources that can help employers navigate the challenges ahead.