To stay updated with the state’s tax relief, visit the Oklahoma Tax Commission website. For more information, you can read the Families First Coronavirus Response Act. The Oklahoma Department of Emergency Management will have a form for businesses to submit on its website starting Monday. So long as employers are covered, they are required to abide by federal FMLA and state FMLA laws. To help us improve GOV.UK, we’d like to know more about your visit today. When do the Amy Coney Barrett Supreme Court nomination hearings begin? Businesses in 24 Oklahoma counties soon will be able to seek federal low-interest disaster loans to obtain working capital as they continue to be affected by the ongoing coronavirus response, officials announced Tuesday afternoon. We've added the grant funding allocations by local authority. The Facebook small business grant was created to help small business owners amid disruptions that are being caused by the coronavirus. Depending on the size of your small business, you may be qualified for certain loans and grants on both the federal and state level. All content is available under the Open Government Licence v3.0, except where otherwise stated, Support for businesses and self-employed people during coronavirus, Department for Business, Energy & Industrial Strategy, Small Business Grant Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF): guidance for local authorities (Version 6), Local Authority Discretionary Fund: guidance for for local authorities (Version 3), amount of funding they have paid to businesses, Coronavirus grant funding: local authority payments to small and medium businesses, Check if your retail, hospitality or leisure business is eligible for business rates relief due to coronavirus (COVID-19), Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases, Retail, Hospitality and Leisure Grant Fund (. Coronavirus (COVID-19): business support grant funding - guidance for local authorities Published 24 March 2020 Last updated 7 August 2020 — see all updates Under the Florida Small Business Emergency Bridge Loan Program, loans of up to $50,000 — $100,000 in certain special cases — are available to coronavirus-affected small businesses. He is a former area director for the sandwich store chain. We use this information to make the website work as well as possible and improve government services. If an employee or their family is incapacitated due to the coronavirus (or any pandemic illness), their employer is required to provide job-protected, unpaid leave. To see if your business is considered essential, check out the Oklahoma Essential Business Guide. “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. Our guide to Coronavirus Small Business Relief for Oklahoma provides information on grants, loans, tax relief, and emergency assistance for all small businesses, both on a federal level and on a state level. OKLAHOMA CITY (KFOR) – There are 1,533 new confirmed COVID-19 cases in Oklahoma, another record high 24-hour coronavirus case increase, the Oklahoma State Department of Health reported on Saturday. For periodic state updates, visit the State of Oklahoma's website. OKLAHOMA CITY (June 19, 2020)– Governor Kevin Stitt today announced two new grant programs to support Oklahomans impacted by the presence of COVID-19. 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OKLAHOMA CITY (KFOR) – Oklahoma health experts say the state is trending in the wrong direction when it comes to COVID-19 numbers. The U.S. Small Business Administration is offering the loans through funding provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act recently signed by President Donald Trump. This is an archived article and the information in the article may be outdated. Don’t include personal or financial information like your National Insurance number or credit card details. There have now been 98,621 confirmed cases of COVID-19 since the pandemic began in March, according to OSDH. SBA Economic Injury Disaster Loan assistance declaration will make disaster loans of up to $2 million available to small businesses and private, nonprofit organizations in states that are approved for the program. Added details of grant funding allocations by local authority. The SBGF and RHLGF schemes were announced at Budget on 11 March 2020, and the level of funding was increased in a statement from the Chancellor on 17 March 2020. Note: The State of Oklahoma has issued Executive Order 2020-07 which requires all non-essential businesses in the state of Oklahoma to close effective 11:59 PM, March 25, 2020 to April 30. Because of the ever-changing nature of the coronavirus pandemic, it’s important to set business maintenance policies for you and your employees. © 1998 - 2020 Nexstar Inc. | All Rights Reserved. This guidance sets out details and eligibility criteria for: It informs local authorities about the operation and delivery of the 3 funding schemes. In the event that your small business undergoes financial difficulties during the coronavirus spread, consider implementing these guidelines for the good of your business and its employees: For more business solutions, visit the SBA website. It’s a winning combination for many, said Scott Warfel, who owns four Jersey Mike’s stores in the Oklahoma City Metro area. We use cookies to collect information about how you use GOV.UK. You’ve accepted all cookies. The interest rate is 3.75% for small businesses without credit available elsewhere and 2.75% for nonprofits. Added guidance on the Local Authority Discretionary Fund. The majority of the grants … Small businesses must file IRS Form 7004 to extend their tax payments, while individuals must file IRS Form 4868. The work-search requirement for unemployment benefits was also waived. If your business is able to provide remote work opportunities for its employees, consider the following strategies: Coronavirus Small Business Relief for Oklahoma, New York’s Emergency Planning Process Sheet, Communicate with customers regarding business closures, reduction of hours, or maintenance changes, Diversify your suppliers or stock inventory with an adequate amount of supplies to last an extended period of time, Contact your insurance agent to review any business interruption policies that your business may have in place, Prepare a plan with your employees regarding present and future business actions regarding the virus, Determine whether your business is considered essential or nonessential. As part of the Coronavirus Aid Package (CARES Act), small businesses can also apply for forgivable loans under the Paycheck Protection Program (PPP) that can be used to pay employees and fund other day-to-day business operations. 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The City of Tulsa partnered with the Tulsa Economic Development Corporation to create the Resilience and Recovery Fund to help small businesses affected by COVID-19. Updated with clarification of whether grants are subject to tax. The best way to prevent the spread of the virus in your business is to create a “work from home” policy. Version 2 of Local Authority Discretionary Fund guidance published - businesses who are eligible for the Self-Employed Income Support Scheme (SEISS) are now eligible to apply for the scheme.
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