Provider update: June 23, 2020
To:All ADvantage Providers
Subject: Oklahoma Business Relief Program
Date:June 22, 2020
OKDHS would like to take this opportunity to notify you of the Oklahoma Business Relief Program (OBRP), made available through the Oklahoma Department of Commerce.
The OBRP was developed to help local businesses across the state overcome the economic challenges of COVID-19. The OBRP offers vital funding for businesses that have suffered revenue loss due to the pandemic. Governor Kevin Stitt has designated $50 million in Federal CARES Act funds for the program.
Starting June 26, Oklahoma businesses can request to apply for OBRP through participating financial institutions. The financial institutions will evaluate applications based on the program rules and determine if the business is eligible. Approved applications will be submitted by the financial institution to the Oklahoma Department of Commerce. Applications will be accepted on a first-come, first-served basis, and funds will be provided to the business through the financial institution. During the first phase of applications, at least 20% of the program funds will be designated for minority-owned businesses.
More information can be found on the Oklahoma Department of Commerce website. The link can be found here:
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