Richard Johnson

McAfee & Taft

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Application period for Oklahoma Business Relief Program funds opens June 29

Last week, Oklahoma Governor Stitt announced the creation of the Oklahoma Business Relief Program to support businesses impacted by the coronavirus pandemic. The program utilizes $50 million in funds set aside from the...more

6/25/2020 / Applications , CARES Act , Coronavirus/COVID-19 , Federal Funding , Financial Institutions , Grants , Relief Measures

Main Street Lending Program

On April 9, 2020, the Federal Reserve announced that the Main Street Lending Program (the “Program”) had been established under the authority of Section 13(3) of the Federal Reserve Act, with approval of the U.S. Secretary of...more

5/6/2020 / Borrowers , CARES Act , Coronavirus/COVID-19 , Eligibility , Federal Reserve , Lenders , Main Street Lending Programs , Main Street New Loan Facility , Paycheck Protection Program (PPP) , U.S. Treasury

CARES Act expands COVID-19 Economic Injury Disaster Loan Program

When the CARES Act was signed into law on March 27, 2020 it not only included the Paycheck Protection Program, but also expanded the Economic Injury Disaster Loan Program. This expansion includes the following...more

4/6/2020 / CARES Act , Coronavirus/COVID-19 , Economic Injury Disaster Loans , Federal Loans , Financial Stimulus , Relief Measures , SBA , SBA Lending Programs , Small Business

SBA loans and related relief under the CARES Act

Paycheck Protection Program - These loans are going to be made by banks, credit unions and some other lenders, guaranteed 100% by the SBA. - Eligible borrowers are any business concern, nonprofit, veterans...more

4/1/2020 / CARES Act , Coronavirus/COVID-19 , Economic Injury Disaster Loans , Loan Forgiveness , Paycheck Protection Program (PPP) , Relief Measures , SBA , Small Business , Small Business Loans

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