Small businesses based in OKC are eligible for the new business continuity program created by the City of OKC.
Applications will open Monday, April 6 and the deadline for applying will be Friday, April 17.
Funds come from the City of OKC’s 2017 Bond, so the emphasis is on helping retain employees for those businesses that have lost revenue due to the Covid-19 crisis. Eligible businesses must be for profit, based in OKC and have been in operation for at least a year.
- Cash Incentives- for businesses with 15 or fewer employees, up to $10,000 reimbursement for retained employee payroll
- No Interest Loans- for businesses with 50 or fewer employees, up to $50,000 in a forgivable 0% interest loan for employee payroll
- Low-Interest Loans- for businesses with 50 or fewer employees, 2% loans for 10 years covering payroll and operating expenses
- Technical Assistance-City will pay for small business consultants for specific needs
More details on all these programs will be released the beginning of the week of April 6th at www.okcsmallbizhelp.com (this site is not live yet).
Information provided by OK State Senator Julia Kirt.