Funding Remaining Applications
The Oklahoma Department of Commerce (ODOC) continues to work on distributing relief payments to businesses in Oklahoma that have been affected by COVID-19. There were more than 3,600 additional applications submitted for the Extended Phase II CARES funds from Governor Stitt. The total relief payments will be $145 million after reviews are completed. Please note that, due to limited funding, the maximum award amount is less than the original program cap and is now $14,250. The ODOC’s goal is to have 80% of the OBRP applications reviewed by Friday, September 11, 2020.
Who is Eligible?
Qualifying businesses whose completed applications were validly submitted to a PFI on or before July 14 at 9:00 a.m., but that were not uploaded by the PFI to ODOC prior to the initial closure of the OBRP online form. Qualifying business applications were uploaded by a PFI to the re-opened OBRP online form between July 23 and July 28. OBRP program rules still apply.
An RCB Bank representative will contact those OBRP applicants whose applications have been submitted, once we have received the ODOC’s award confirmation. We want to reiterate that the OBRP applications that were deemed ineligible by the ODOC or the applicant withdrew their applications will be refunded the $500 fee.
Click here for the OBRP website.
Click here for the latest release from ODOC.
Updated as of August 26, 2020.