The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Oklahoma small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). This funding will be provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by President Trump.

To qualify for the program, the state must submit documentation of business losses for at least five businesses per county.

If approved, an SBA Economic Injury Disaster Loan assistance declaration will make disaster loans of up to $2 million available to small businesses and private, nonprofit organizations to help alleviate economic injury caused by COVID-19.

According to the SBA, these loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the impact of COVID-19. The interest rate is 3.75% for small businesses without credit available elsewhere and 2.75% for nonprofits. Businesses with credit available elsewhere are not eligible for this program.

Oklahoma businesses affected by the Coronavirus are asked to fill out the Oklahoma Department of Emergency Management’s Small Business Disaster Economic Injury Assessment survey by clicking HERE.

When SBA Economic Injury Disaster Loan applications are made available, the Oklahoma Department of Commerce will have staff available to assist small businesses with filling out the forms. Companies needing assistance with the application forms and economic development organizations providing assistance to businesses in their communities should contact Ray Little at ray.little@okcommerce.gov or 405-815-5227.

Oklahoma Department of Commerce
okcommerce.gov
900 N Stiles Ave.
Oklahoma City, OK 73104

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The Chamber Ambassador Committee held a Ribbon Cutting on Friday February 21st at The Lift CryoSpa.  Shown in the picture from left to right Brittanie Stroup ( Cosmetologist), Patsy Sullivan (Esthetician), Twilla Gillam (Cosmetologist), Jessica Carnes (Owner), Shannon Musick (Massage Therapist), Dora Martindale (Owner / Functional Nutrition Lifestyle Practitioner), Emily Miller (Esthetician), Gina Terry, Emiley Mathes, Shannon Buie (Registered Nurse). Along with Chamber members, Shaley Thomas, Angie Wyatt, and Susie Cupp.  Not pictured are Donna Martindale (Massage Therapist), Justine Wilson ( Esthetician), And Sarah Copeland (Makeup Artist)  They have done a wonderful job on their office inside and out, so calming as you walk thru.  Go by and see for yourself all the things they can do for you, and welcome them to the Chamber  

The Chamber of Commerce welcomed Dalana Dixon with a Ribbon Cutting at the office today.  Dalana is the owner of Sunlover Travel, please give her a call to help you plan your next vacation. Pictured here from left is Susie Cupp, Morgan Hanson, Dalana Dixon and Shaley Thomas.

The Chamber held a ribbon cutting welcoming new member, The Natural Way, at 1605 South Pioneer to the Chamber. Cutting the ribbon are owners, Lance & Nancy Brooks and Brad & Vera Gilbert along with Larren & Belissa Odom, Melody Cummings, Chamber Director, Susie Cupp and Mayor Nick Archer. Not pictured are owners, Alan & Debbie Beck. Be sure and go by and wish them well

The Chamber of Commerce held a ribbon cutting for Rob Stephens, Financial Adviser of the Edward Jones new office located at 2014 West Third Street, please go by and see his new office and welcome them to the Chamber of Commerce.

The Chamber of Commerce welcomed Rejuvenate Med Spa to the Chambers Membership on Tuesday Nov 19

The owner is Brianna Weathers, they are located at 1221 Colorado Ave.

Go by and see what services they offer and congratulate them on their new business.