Oklahoma Business Relief Program

NOTICE: The OBRP program is now closed and Commerce is no longer taking new applications.

Funding for the program has been exhausted. The program is closed and no new applications are being taken.

Important Tax Information for Participants

Grant funds are considered taxable income. 1099G forms have been mailed to program grant recipients at their address on file from their applications. Unlike PPP the IRS/Treasury considers similar state and local grants taxable income.

See the FAQ section for additional information.

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.

Starting June 29, Oklahoma businesses can request to apply for OBRP through participating financial institutions. The financial institutions will evaluate applications based on the program rules and make a preliminary determination of business eligibility.

Applications and supporting documents will be submitted by the financial institution to the Oklahoma Department of Commerce for a final determination of eligibility. Applications will be accepted on a first-come, first-served basis, and funds will be provided to the business through the financial institution; however, at least twenty-percent of the program funds will be designated for minority owned businesses.

Please see Program Rules for full details.

Grant Details

Funds

Maximum of $25,000 per grant
Grant amount equal to two months of average total payroll based on either:

Average of 2019 total payroll; or,
Average of January-February 2020 total payroll

This is a grant program and not a business loan.

Usage

In general, grant funds may be used for business expenses for which the business has not or will not receive reimbursement from another source such as other federal, state or city grants or insurance proceeds.

Please see program rules for details as to eligible and ineligible expenses.

Program Eligibility

Eligible Companies

Businesses must meet ALL of the following conditions:

Located in Oklahoma
All business types that are required to register with Secretary of State must be in good standing
Current on their most recent quarterly or yearly taxes with the Oklahoma Tax Commission, depending on when the business is required to file
Must have suffered a revenue loss of 25% or more from March through May 2020 that is substantially caused by the impact of COVID-19 compared to any one of the following time periods:
- January 2019 through December of 2019
- March 2019 through May of 2019
- January 2020 through February of 2020
Operated continuously in Oklahoma from at least 1/1/2020 through the date of the receipt of application, and is a going concern for the future
Eligible business types include but are not limited to sole proprietorships, independent contractors, partnerships, corporations and nonprofit entities such as 501(C)(3) and 501(C)(6)
Business is not an ineligible business

Ineligible Industries & Companies

Publicly traded companies
Government entities or agencies
Banks, credit unions, life insurance companies, finance companies, factoring companies, investment companies, mortgage companies, bail bond companies, & other businesses whose stock in trade is money and mortgage companies
Private clubs
Lobbying firms
Businesses that generate any part of its income from gambling activities, adult activities or activities performed in violation of state or federal law.
Businesses participating in or expecting to receive funds from the Oklahoma Manufacturing Reboot Program or Oklahoma Bounce Back Program
Businesses that do not meet the definition of “eligible businesses”
Businesses that dedicate 50% or more of their time or resources to lobbying activities
Businesses that exist for the purpose of advancing partisan political activities

Program Frequently Asked Questions

FAQ updated: February 2, 2021

The following is a list of frequently asked questions (FAQ’s) that have been received by the Oklahoma Department of Commerce concerning the Oklahoma Business Relief Program, as well as the answers to those questions.

I'm a non-profit and received a 1099-G what should I do?

Answer: We cannot give tax advice, but encourage non-profits to consult with their tax professionals/CPAs on their tax exemption status with regard to this grant award.

Is my OBRP grant Taxable income at the State and Federal Level?

Answer: Yes, the grant funds are considered taxable income. A 1099G has been mailed to the address on file. Unlike PPP the IRS/Treasury considers similar state and local grants taxable income.

May the business and financial institution use electronic signatures on the documents in the application packet?

Answer: The decision as to whether or not the financial institution will allow electronic signatures is up to the financial institution as long as the financial institution is comfortable with having determined the identity of the person signing on behalf of the business. In the event that the financial institution accepts digital signatures, the financial institution should note that the signature was accepted electronically in the section where the financial institution signs as a witness.

What types of businesses must be in good standing with the Oklahoma Secretary of State to participate in the program

Answer: All business types that are required to register with the Secretary of State must be in good standing. As a sole proprietorship or general partnership is not required to register with the Secretary of State, neither of those types of entities must meet the good standing requirement.

How long are participating financial institutions required to retain documentation submitted for the applications?

Answer: Participating financial institutions are not required to retain the documentation. Companies applying for relief funds are required to retain documentation for five (5) years as set forth more fully in the rules.

Will participating financial institutions receive CRA credit for the disbursement of relief funds?

Answer: No

May participating financial institutions charge a fee for applications submitted through the Oklahoma Business Relief Program?

Answer: Yes, participating financial institutions may charge up to $500 for applications. It will be the determination of the financial institution whether they will charge a fee or not. The only requirement is that the fee may not be paid from relief funds.

What is meant by the term “going concern” as used in the application documents?

Answer: A business is a “going concern” for purpose of the program if, with the help of funds received from the program, the business intends to operate into the foreseeable future.

What types of documentation must the PFI require from the business to determine revenue losses or payroll?

Answer: The PFI is allowed great latitude in what documents it may consider to determine revenue losses or payroll. This includes, but is not limited to, paystubs, tax returns, Profit & Loss Statements, business bank statements, payroll records or any other document that a business would be expected to keep as a part of the business’s records. As an aid to the PFI, the business may also choose to submit a summary of how the amounts were calculated along with the records upon which the calculations were based to the PFI. The most important fact is that the numbers used to calculate the revenue loss and payroll must be reflected in the documentation submitted to the PFI by the business.

If the PFI makes the determination that the applicant business is ineligible, does the bank still need to transmit the application and paperwork to the Department of Commerce?

Answer: Yes. Only the Department of Commerce can make the final determination as to whether or not a business meets the eligibility requirements of the program. In the event a business applies to the program which appears to be ineligible, the PFI may either send the application and documents to ODOC for the final eligibility determination or the PFI can notify the business that they are likely to be ineligible and ask if the business wishes to proceed with the application. If the business wishes to proceed, the application shall be sent to ODOC for the final eligibility determination.

Are insurance agencies a qualified business activity?

Answer: Yes, insurance agencies sell products for insurance companies. Insurance companies are the carriers and are not qualified in this program.

Are Phase 2 rules and qualifying time periods the same rules and qualifying time periods utilized in Phase 1?

Answer: Yes.

If my business applied in Phase 1, will it be eligible for Phase 2?

Answer: If the participating financial institution received a confirmation number upon submitting an application for your business, then no your business is not eligible for Phase 2 funding. If your application was complete and ready for submission, but was not submitted before the cut-off time, then yes it is eligible to be submitted for Phase 2.

Will I need to resubmit my application in Phase 2 if I submitted for Phase 1 but the application was not processed before the cutoff time?

Answer: Please visit with your participating financial institution about their requirements.

What will be the cutoff time in Phase 2?

Answer: Cutoff time will depend on the rate of submissions for the Oklahoma Business Relief Program in Phase 2.

Financial Institution Participation

Financial institutions that would like to participate can find additional information on the page for financial institutions.

List of Participating Financial Institutions

Please Note: The list of participating financial institutions is being updated as new financial institutions are added to the program. Check back for regular additions to the list.

The following is a list of financial institutions that have indicated they wish to participate in the Oklahoma Business Relief Program. Businesses who wish to apply should verify with the financial institution of their choice whether or not they are participating in the OBRP program. The Oklahoma Department of Commerce does not recommend any one financial institution over another and the listing of a financial institution under this section is not an endorsement by the Oklahoma Department of Commerce or its agents.

Financial Institution	Street Address	City	Accepting New Customers for OBRP
1st Bank in Hominy	117 N Price	Hominy	No
ACB Bank	323 S GRAND	Cherokee	No
All America Bank	444 W. State Highway 152	Mustang	No
AllNations Bank	114 E. Main St.	Calumet	Yes
American Bank and Trust Company	Sixty Sixty American Plaza	Tulsa	Yes
American Bank of Oklahoma	200 E Main St	Collinsville	No
American Exchange Bank	402 S. Main St.	Lindsay	No
American Exchange Bank Henryetta, Oklahoma	510 West Main	Henryetta	No
American Exchange Bank Henryetta, Oklahoma	510 West Main	Henryetta	No
American Heritage Bank	2 South Main	Sapulpa	No
American Nation Bank	1901 N Commerce	Ardmore	No
Ameristate Bank	131 S. Pennsylvania	Atoka	No
Anchor D Bank	222 West Main Street	Texhoma	Yes
Armstrong Bank	1111 West Broadway	Muskogee	Yes
Arvest Bank	100 SE Frank Phillips Blvd	Bartlesville	No
AVB Bank	322 S Main St	Broken Arrow	Yes
BancCentral National Association	604 Flynn St	Alva	Yes
BancFirst	101 North Broadway	Oklahoma City	No
Bank of Cherokee County	P.O. Box 660	Hulbert	No
Bank of Commerce	1601 W Commerce	Duncan	No
Bank of Commerce	1601 W Commerce	Duncan	No
Bank of Cordell	808 N Glenn English	Cordell	No
Bank of Grand Lake	201 E 18th St	Grove	No
Bank of Hydro	146 West Main	Hydro	No
Bank of Laverne	111 E Jane Jayroe Blvd.	Laverne	No
Bank of Locust Grove	124 E Main Street; PO Box 219	Locust Grove	No
Bank of the Panhandle	1223 N Main	Guymon	No
Bank of Western Oklahoma	201 E Broadway Ave.	Elk City	No
Bank7	1039 NW 63rd St.	Oklahoma City	No
Blue Sky Bank	101 E. 8th Street	Pawhuska	Yes
BOK Financial, NA	One Williams Center	Tulsa	No
Carson Community Bank	24 W Division	Stilwell	Yes
Central National Bank of Poteau	PO Box 340	Poteau	Yes, but only in trade area
Chickasaw Community Bank	909 S Meridian	Oklahoma City	No
Citizens Bank & Trust Company	1100 N Commerce	Ardmore	Yes
Citizens Bank of Ada	123 W 12th Street	Ada	No
Commerce Bank	5314 S Yale Ave	Tulsa	No
Community Bank	104 S Main St	Bristow	No
Community Bank	1729 College Blvd	Alva	No
Community National Bank of Okarche	653 N. Main Highway 81	Okarche	No
COREBANK	1522 Missouri Street	Waynoka	No
Cornerstone Bank	1408 N. Mustang Rd.	Mustang	No
Equity Bank	222 E Grand Ave	Ponca City	Yes
Exchange Bank and Trust Company	523 Delaware	Perry	No
F&M Bank	17100 N. May Ave	Edmond	No
Fairview Savings and Loan Association	301 N Main	Fairview	No
Farmers and Merchants Bank	225 E Renfrow	Arnett	No
Farmers State Bank, Allen, Oklahoma	201 E. Broadway	Allen	No
First Bank	118 W Roger Miller Blvd.	Erick	Yes
First Bank & Trust Co.,	PO Box 580	Duncan	No
First Bank & Trust Company, Perry, Oklahoma	401 N. 7th Street	Perry	No
First Bank of Owasso	8601 N. Garnett Road	Owasso	No
First Bethany Bank & Trust	6500 NW 39th Expressway	Bethany/OK	No
First Enterprise Bank	2115 SW 44th	Oklahoma City	No
First Fidelity Bank	5100 N. Classen Blvd	Oklahoma City	Yes
First National Bank & Trust	302 W Chickasha Ave.	Chickasha	No
First National Bank & Trust Company of Ardmore	405 W Main	Ardmore	No
First National Bank & Trust, Elk City	PO Box 669	Elk City	No
First National Bank and Trust Company	130 E. MacArthur	Shawnee	No
First National Bank and Trust Company of Broken Arrow	121 S Main	Broken Arrow	No
First National Bank and Trust Company of Mcalester	235 E Choctaw Ave	Mcalester	No
First National Bank and Trust of Weatherford	1100 East Main Street	Weatherford	No
First National Bank in Okeene	124 N Main St	Okeene	Yes
First National Bank of Oklahoma	5101 N. Western Avenue	Oklahoma City	No
First National Bank of Oklahoma	10900 Hefner Pointe Drive, Suite 300	Oklahoma City	No
First Oklahoma Bank	100 S Riverfront Dr	Jenks	No
First Security Bank	15 South Douglas	Beaver	No
First Security Bank & Trust Company	1541 Northeast 23rd Street	Oklahoma City	No
First Security Bank & Trust Company	1541 Northeast 23rd Street	Oklahoma City	No
First State Bank	102 W. Main St	Anadarko	No
First State Bank	1111 S. Muskogee Ave.	Tahlequah	Yes
First State Bank	106 N Dalton Avenue	Valliant	No
First State Bank	102 W. Main St	Anadarko	No
First Summit Bank	2251 E Main	Weatherford	No
First Summit Bank	2251 E Main	Weatherford	No
First United Bank and Trust	1400 West Main Street	Durant	No
Firstar Bank	1720 E Cherokee Avenue	Sallisaw	No
FirstBank	100 N High Street	Antlers	No
FNB Community Bank	2911 S Air Depot Blvd	Midwest City	No
FNB Coweta	106 S Broadway	Coweta	Yes
Frazer Bank	P O Box 637	Altus	No
Frontier State Bank	5100 S I-35 Service Rd	Oklahoma City	No
Gateway First Bank	244 South Gateway Place	Jenks	Yes
Grand Bank	4200 E Skelly Dr. Suite 200	Tulsa	No
Grand Savings Bank	1022 S. Main St	Grove	No
Great Nations Bank	2200 E. Alameda	Norman	Yes
Great Plains National Bank	2017 West 3rd	Elk City	No
Green Country Federal Credit Union	202 E. Morrow Road	Sand Springs	Yes
High Plains Bank	202 N Main St	Okeene	No
InterBank	4921 N May Ave	Oklahoma City	No
International Bank of Commerce	3817 NW Expressway	Oklahoma City	No
Kirkpatrick Bank	15 E. 15th Street	Edmond	No
Legacy Bank	101 W Main	Hinton	Yes
Liberty National Bank	629 SW C Ave	Lawton	Yes
Mabrey Bank	14821 S Memorial	Bixby	Yes
McClain Bank	131 W Main St	Purcell	No
McCurtain County National Bank	20 N Park	Broken Bow	No
MidFirst Bank	501 NW Grand Blvd	Oklahoma City	No
National Bank of Sallisaw	1000 S Kerr Blvd	Sallisaw	No
NBC Oklahoma	13401 N Pennsylvania	Oklahoma City	No
OKlahoma Bank and Trust Company	600 Gary Blvd.	Clinton	No
Oklahoma Central Credit Union	4956 South Peoria Avenue	Tulsa	No
Oklahoma Fidelity Bank	9400 N Broadway Extension	Oklahoma City	No
Oklahoma Heritage Bank	1131 North Hills Centre	Ada	Yes
Oklahoma Heritage Bank	1131 North Hills Centre	Ada	Yes
Oklahoma State Bank	2610 S. Division Street	Guthrie	No
Oklahoma State Bank	120 W. Canadian Ave	Vinita	No
Oklahoma State Bank	122 S. Hoy St.	Buffalo	No
Oklahoma's Credit Union	3001 N Lincoln Blvd	Oklahoma City	No
Payne County Bank	202 S Main St	Perkins	Yes
Peoples Bank	445 South Lewis Avenue	Tulsa	No
Peoples Bank	445 South Lewis Avenue	Tulsa	No
Peoples National Bank	300 West Gentry	Checotah	No
Peoples National Bank	300 West Gentry	Checotah	No
Quail Creek Bank, n.a.	12201 N May Ave	Oklahoma City	No
RCB Bank	300 W Patti Page Blvd	Claremore	No
Red Crown Federal Credit Union	5001 E 91st ST	Tulsa	Yes
Red River Federal Credit Union	2721 N. Main	Altus	No
Regent Bank	7136 S. Yale Ave, Suite 100	Tulsa	No
Rural Enterprises of Oklahoma, Inc.	PO Box 1335	Durant	No
SECURITY National Bank of Enid	201 W Broadway	Enid	No
Security Bank	10727 E 51st Street	Tulsa	No
Security Bank and Trust Company	2 S Main St	Miami	Yes
Security First National Bank	100 S Broadway	Hugo	Yes
Security State Bank	402 E Broadway	Cheyenne	No
Security State Bank of Oklahoma	210 S Mekusukey Ave	Wewoka	No
Shamrock Bank, NA	101 Main St.	Coalgate	Yes, but only in trade area
Simmons Bank	608 So. Main	Stillwater	No
SNB Bank National Association	503 South Main	Shattuck	Yes
Sooner State Bank	2 SE 4TH ST	Tuttle	No
SpiritBank	4815 South Harvard Ave	Tulsa	Yes
Stockmans Bank	3421 N Main	Altus	No
Stockmans Bank	3421 N Main	Altus	No
Stride Bank, N.A.	324 W. Broadway	Enid	Yes
Stroud National Bank	300 W. Main	Stroud	Yes
The Bank of Beaver City	130 S Douglas Ave	Beaver	No
The Bank of Kremlin	PO Box 197	Kremlin	Yes
The Bank, National Association	201 E Carl Albert	Mcalester	Yes
Citizens Bank of Edmond, The	1 East 1st Street	Edmond	No
The City National Bank and Trust Company of Lawton, Oklahoma	500 Montgomery Square	Lawton	Yes
The Community State Bank	1409 N Broadway	Poteau	Yes
The Community State Bank	1409 N Broadway	Poteau	Yes
The Exchange Bank	300 W Rogers Blvd	Skiatook	No
The Farmers and Merchants National Bank of Fairview	312 N Main	Fairview	No
The Farmers Bank	1300 N Walker Ave	Oklahoma City	No
The Farmers State Bank	1100 W Main Street	Quinton	No
The First Bank of Okarche	P.O. Box 155	Okarche	No
The First Farmers National Bank of Waurika	319 East D Avenue	Waurika	No
The First National Bank & Trust Company of Miami, Ok.	2 N Main	Miami	No
The First National Bank and Trust Company of Okmulgee	610 East 8th St	Okmulgee	No
The First National Bank in Marlow	301 West Main	Marlow	Yes
The First National Bank of Lindsay	101 South Main Street	Lindsay	No
The First National Bank of Lindsay	101 South Main Street	Lindsay	No
The First State Bank	20 Sw Sq	Boise City	No
The First State Bank	3030 NW Expressway Ste 130	Oklahoma City	Yes
The Idabel National Bank	1201 SE Washington	Idabel	No
The Pauls Valley National Bank	101 W. Paul	Pauls Valley	Yes
The Seiling State Bank	301 N Main	Seiling	No
The State Bank of Wynnewood	117 S Dean A McGee Ave	Wynnewood	No
The State Exchange Bank	1280 Main Street	Lamont	No
The Stock Exchange Bank	1117 10TH ST	Woodward	No
True Sky Credit Union	10201 S. Western Ave	Oklahoma City	Yes
Tulsa Economic Development Corporation	125 West 3rd Street	Tulsa	Yes
Union State Bank	4110 SE Nowata Road	Bartlesville	No
Valliance Bank	1601 NW Expressway	Oklahoma City	No
Valor Bank	1501 Renaissance Boulevard	Edmond	No
Vast Bank N.A.	110 N. Elgin	Tulsa	No
Vision Bank	101 E. Main St	Ada	No
Washita State Bank	PO Box 390; 701 S Highway 44	Burns Flat	No
Watermark Bank	921 NW 63rd Street	Oklahoma City	No
Welch State Bank	396 South Commercial Street	Welch	Yes

Disclaimer

The Oklahoma Department of Commerce (ODOC) does not warranty, either expressly or implicitly, the services provided by the listed financial institutions, nor does ODOC warrant or guarantee the reliability or quality of the financial institutions listed. Information provided on this page is being provided “as is” with no guarantee of accuracy from ODOC. Any disputes surrounding the services from any of the listed financial institutions shall be handled solely between the financial institution and the customer, without the involvement of ODOC.

Before conducting business with any of the listed financial institutions, the customer is solely responsible for doing their own due diligence as to the quality and reliability of the financial institution.

This list reflects financial institutions who have indicated an interest in participating in the program only. The fact that a financial institution is listed on this page is not a guarantee of their participation. Businesses should contact the institution to verify their participation.