COVID-19 Small Business Resources (2021)

REI Oklahoma has been awarded funding from EDA to assist small businesses that have been affected by the COVID 19 pandemic. The loans are available up to $75,000 and can be used for machinery/equipment, furniture/fixtures, and/or working capital. More information here.
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SBA, in consultation with the U.S. Treasury, has recently released additional guidance and resources, including:
- PPP Borrower Resubmissions of Loan Forgiveness Applications Using Form 3508S, Lender Notice Responsibilities to PPP Borrowers, and Offset of Remittances to Lender for Lender Debts (Released 1/15/21)
- Paycheck Protection Program Excess Loan Amount Errors (Released 1/15/21)
- How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide – By Business Type (Released 1/17/2021)
- Second Draw Paycheck Protection Program (PPP) Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (Released 1/19/2021)
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Check the Small Business Administration’s PPP page and Treasury Department’s CARES Act page for additional information as it becomes available.
Additional information on the COVID-19 Economic Relief Bill can be found here.
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