New Business Relief Program program through Oklahoma State Commerce. Developed to help local businesses across the state overcome the economic challenges of COVID-19, the Oklahoma Business Relief Program (OBRP) offers vital funding for qualifying businesses that have suffered revenue loss due to the pandemic. Governor Kevin Stitt has designated $50 million in Federal CARES Act funds for the program.
in a nutshell to be eligible businesses must have incurred a 25% reduction in revenue between March 20 and May 20 compared to 3 time frames:
- January 2019 through December of 2019
- March 2019 through May of 2019
- January 2020 through February 2020
Please use the link below for all the details, program rules, application etc... Monday, June 20 is the first date applications may be made.
https://www.okcommerce.gov/doing-business/business-services/oklahoma-business-relief-program/
Thank You
Danny Cochran
Senior Tax and Wealth Advisor
dcochran@dannycochran.com
DANNY COCHRAN
Wealth and Tax Strategy
Corporate Office: 816 South Main, Stillwater, OK 74074
Phone: 405-372-2880 Fax: 405-372-3774
www.dannycochran.com
Serving Clients in Stillwater, Shawnee, Guthrie, and Oklahoma City