After the Phase 2 funds of the Oklahoma Business Relief Program (OBRP) were depleted in less than an hour, the state announced it would offer additional funding to those who did not receive any.
Governor Stitt, Oklahoma’s CARES FORWARD team and Oklahoma Department of Commerce announced $45 million for qualifying OBRP applicants.
After the Phase 2 funds were given out on July 14, there were still about 3,000 businesses that remained unfunded. Those businesses who submitted their application by that phase 2 deadline are considered qualified for this additional funding.
“The vision of the OBRP was to provide Oklahoma companies impacted by COVID-19 access to much needed funding to bridge the gap while they work to get back up to speed, both in terms of operations and revenues,” said Stitt. “Our CARES FORWARD team has worked hard to ensure these critical funds are distributed quickly and on target, and I am pleased we are able to provide additional assistance to the remaining OBRP applicants.”
For more information, visit the Oklahoma Business Relief Program website.