The Tulsa Responds Task Force is mobilizing rapidly and this site will be updated in real time over the coming weeks.
All 501(c)(3) nonprofits with 500 employees or fewer, or more if SBA’s size standards for the non-profit allows. Please visit https://www.sba.gov/size-standards/ to find out your nonprofit’s SBA size standards by number of employees.
Depending on your business’s situation, the loan size will be calculated in different ways (see below). The maximum loan size is always $10 million.
Download a loan calculator here.
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You must apply through your lender for forgiveness on your loan. You will need to show:
Borrowers may apply for PPP loans and other SBA financial assistance, including Economic Injury Disaster Loans (EIDLs), 7(a) loans, 504 loans, and microloans, and also receive investment capital from Small Business Investment Corporations (SBICs).
Yes, apply online for a PPP loan by clicking here.
Those eligible are the following with 500 or fewer employees and in operation since January 31, 2020
January 31, 2020 – December 31, 2020. The grants are backdated to January 31, 2020 to allow those who have already applied for EIDLs to be eligible to also receive a grant.
Whether you’ve already received an EIDL unrelated to COVID-19 or you receive a COVID- 19 related EIDL and/or Emergency Grant between January 31, 2020 and June 30, 2020, you may also apply for a PPP loan. If you ultimately receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program would be subtracted from the amount forgiven in the PPP.
View the SBA EIDL application here.
Small businesses located in City of Tulsa with:
The Resilience and Recovery Fund will lend up to $50,000 to qualifying businesses and entrepreneurs. Loans can be used for a wide variety of things, including but not limited to; payroll, insurance premiums, bridge loans, etc.
Yes, the Tulsa Business Resilience and Recovery Program is intended to be a stop-gap for local businesses who might also be applying for state or federal funding.
View the TEDC application here.