Emergency Funding Programs

Emergency Funding Programs

There are a number of programs for small businesses affected by the COVID-19 pandemic. The Small Business Administration provides an overview and comparison of them.

We have provided additional information specific to Oklahoma businesses along with local assistance and guidance information below.

Oklahoma Bounce Back Assistance Program
The Oklahoma Bounce Back Assistance Program was created to stimulate economic growth and combat the negative effects the COVID-19 pandemic has had on the state’s economy. This program will support high-impact new capital investment across a broad range of industries that will diversify the state’s economy, lead to new product development or increase capacity at Oklahoma’s existing companies.

Oklahoma Bounce Back Assistance Program 

SBA Emergency Business Loan Program

Small Business Administration COVID-19 Disaster Loan

This program provides small businesses with working capital loans of up to $2 million to help overcome the temporary loss of revenue they are experiencing.

NOTICE: SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

SBA Loan Help

The Oklahoma Department of Commerce has staff available to assist small businesses with filling out disaster loan application forms. Companies needing assistance with the application forms and economic development organizations aiding businesses in their communities should contact Ray Little at ray.little@okcommerce.gov or 405-815-5227.

Paycheck Protection Program

PPP Small Business Loan Program Overview

The Paycheck Protection Program (PPP) is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

All loan proceeds used to cover payroll, rent, mortgage interest payments and utilities during the 8 weeks after the loan funds will be forgiven.

NOTICE: The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding.

PPP Help

For additional assistance, email OKSBAquestions@okcommerce.gov.