COVID-19
Chamber Update No.4
SBA DISASTER LOAN INFORMATION
FOR SMALL BUSINESSES AND
NON-PROFITS
Points from SBA Webinar
  • Apply if your business has been impacted by COVID-19.
  • Economic Injury Disaster Loans up to $2 million may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the impact.
  • Small Business interest rate is 3.75% | Non-profit interest rate is 2.75%.
  • SBA offers loans with long-term repayments up to a maximum of 30 years.
  • Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
  • Important to fill application out correctly.
  • Business financial reports are required (e.g. from Quickbooks).
  • If loan is over $25,000, collateral will need to be provided. Unsecured loan if under $25,000.
  • No fees. No points. No closing costs. 
  • Only accepting applications that are filed electronically.
  • DO NOT USE CHROME. Only use Microsoft Edge or Internet Explorer.
  • Businesses are encouraged to fill out application during NON-prime business hours e.g. 8:00 pm – 6:00 am.
  • Website has been overloaded during the daytime, be patient and keep trying.
  • Click here to apply for the EIDL.
  • Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.
  • Applicants may call SBA’s Customer Service Center at (800) 659-2955
Oklahoma Department of Commerce needs to hear from businesses and give updates.
This is part of a larger, multi-industry initiative to help Oklahoma recover from economic damage relating to the COVID-19 outbreak.
The ODOC wants to hear from small businesses. See the information below to join one of eight industry calls that will be held every Wednesday for the foreseeable future.
Please note that the calls are limited to 1,000 participants each, and will be first come, first served.
Non-Profit Organizations
Wednesdays at 8 a.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 953-297-031 .

Manufacturing
Wednesdays at 9 a.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 300-493-251

Retail
Wednesdays at 10 a.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 976-164-467

EDO and Chambers
Wednesdays at 11 a.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 346-250-014

Energy
Wednesdays at 1 p.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 274-396-442

Ag/Food Processing
Wednesdays at 2 p.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 912-825-759

Aerospace and Defense
Wednesdays at 3 p.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 431 290 552

Services
Wednesdays at 4 p.m.
Join the Zoom meeting at http://okcommerce.zoom.us/j/346250014
Use the meeting ID: 474-216-813
City of Claremore gives Declaration on Business Operations
The Emergency Management Order regarding business operations is necessary to protect life and property during this pandemic.

This order is effective as of 9:00 pm on March 24,2020, and remains in effect until 8:00 am April 17,2020.

Governor Issues Emergency Order
Gov. Kevin Stitt issued a statewide emergency order to close all nonessential businesses in 19 Oklahoma counties with confirmed cases of COVID-19 - please note the county confirmed cases will change daily. At this time, this closure order includes Tulsa County and several others in northeast Oklahoma and currently does not include Rogers County.
 
Businesses explicitly listed in the order include hair salons, gyms, theaters, massage and tattoo, parlors, and museums. Restaurants may remain open in these counties but must close their dine-in areas, offering curbside pickup and delivery instead.
 
Businesses must come into compliance by 11:59 p.m. on Wednesday, March 25.
 
Additional clarification from the governor's office is expected on essential versus nonessential businesses. At present, the Governor's office is following recommendations from the Department of Homeland Security. To view that guidance, click here .
 
The governor's statewide order also prohibits gatherings of 10 or more people and includes a statewide “Safer at Home” provision, which requests elderly and immuno-compromised individuals, as well as those with pre-existing conditions, to shelter in their homes, leaving only for essential needs like groceries or prescriptions, until April 30.
 
For more information about the governor's order, click here .

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