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HOW TO APPLY

$1.1 MIILLION IN ZERO INTEREST LOANS AVAILABLE

 

City, TEDC Launch Resilience and Recovery Fund; Zero Interest Loans Offered to Businesses Affected by COVID-19

In partnership with Tulsa Economic Development  Corporation (TEDC), the City of Tulsa is dedicating $1.1 million in  funds for zero interest loans to provide financial assistance to small  business owners and entrepreneurs affected by COVID-19.

TEDC will begin accepting loan applications from local businesses immediately. Businesses can apply at: www.TEDCNet.com. For additional questions, call TEDC at (918) 585-8332.

To qualify, a small business applicant must have fewer than 50  full-time equivalent (FTE) employees, have 2019 revenues that did not  exceed $5,000,000 and have experienced a decrease in revenue of at least  25 percent between February and March 2020 due to COVID-19.  

“Small business owners and employees throughout Tulsa are sacrificing  in order to save the lives of our neighbors. This program is a critical  stop-gap for those businesses until federal funding that is in the  pipeline can reach them,” Mayor G.T. Bynum said. “At the City of Tulsa,  we are evaluating any and all ideas to support local businesses  throughout this pandemic event.”

The Resilience and Recovery Fund will lend up to $50,000 to  qualifying businesses and entrepreneurs. Loans can be used for a wide  variety of things, including but not limited to; payroll, insurance  premiums, bridge loans, etc.

“Small businesses across the city have suffered one of the biggest  economic shocks in our city’s history – and through no fault of their  own,” said Kian Kamas, the City’s Chief of Economic Development. “In the  face of this shock, they have been innovative, caring, and selfless.  They have shown the true character of what it means to be a Tulsan.  Coupled with federal programs created in the CARES Act, this Fund will  provide critical capital that will help these businesses weather the  current crisis.”

The Fund will serve as a critical capital source for smaller  businesses with limited history and credit, and also serve as a stop gap  measure for businesses intending to pursue SBA funding in the coming  weeks.

“TEDC is honored to be on the front line giving small businesses in  Tulsa a sense of relief through these uncertain times,” TEDC CEO Rose  Washington said. “Our ongoing partnership with the City of Tulsa has  allowed us to switch gears quickly. We have been able to shift from  providing loans to start-ups and growing businesses, to giving existing  companies access to creative capital for recovery. Our team is providing  expedited loan funding while also learning and sharing guidance on new  SBA programs. Small businesses continue to be our #1 Priority!”

Developed on research on best practices deployed nationally in  response to COVID-19, the fund builds on the City’s existing partnership  with TEDC, which utilizes Community Development Block Grant (CDBG)  funds to increase access to capital for underserved businesses.

In addition to this program, the City is in the process of evaluating  additional, immediate and long-term economic response efforts and  program needs while also exploring non-financial sources of aid, such as  technical assistance.

As part of the loan program, the George Kaiser Family  Foundation will provide added technical support with TEDC to help  non-profits and small businesses navigate federal, state and local  stimulus dollars. Businesses and non-profits that want help navigating  the various funding streams can visit,www.TulsaResponds.org where they will be connected with a trusted individual to walk through the qualifications and process to apply.

“TEDC and Rose Washington are a trusted community partner in  Tulsa and we know that with the dollars the City is announcing today in  addition to the federal stimulus package, TEDC will need more hands-on  deck to ensure broad access to this capital,” Suzanne Schreiber with the  George Kaiser Family Foundation said. “GKFF is pleased to provide the  extra support for counseling and navigation regarding these funds.  Many  thanks to the Mayor, his team and TEDC for their leadership and hard  work now and always.” 

This program will be one piece of a comprehensive strategy the City  is undertaking to ensure Tulsa businesses are successful and our economy  recovers as quickly as possible.

Based on demand, the City will consider whether the Resilience and Recovery Fund should be expanded in size and scope.

For a list of FAQs and the most up-to-date COVID-19 information and business supports, visit www.cityoftulsa.org/COVID-19.  

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A VIRTUAL TOUR OF WOMEN'S HISTORY IN AMERICA

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@ SUBURBAN ACRES LIBRARY

 In support of the 2020 theme "Valiant Women of the Vote," Suburban Acres Library in Tulsa will lead a tour of several virtual collections that focus on the brave women who fought to win suffrage rights for women and for the women who continue to fight for the voting rights of others. 

Photo: Susan B. Anthony/National Portrait Gallery, Smithsonian

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Meet Millie

On Saturday, March 7 from 10a-4p at Suburban Acres you can also see RUBY...a dressmaker's  mannequin sporting 100 photos of 100 women who changed the world. Designed by LEIZA THOMAS, Ruby will greet guests on Saturday and throughout WOMEN'S HISTORY MONTH at SUBURBAN ACRES LIBRARY in Tulsa.

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THE 100

The 100 Women to remember include Pop icons, royalty, First Ladies, actresses, athletes, supermodels, and, of course Supreme Court Justices & Suffragettes. Photo:  Beyoncé


SUBURBAN ACRES LIBRARY

4604 North Garrison Avenue

Tulsa. OK

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DOC HAIR

"HAIR TODAY" "HAIR TOMOROW"





Ask "DOC HAIR"

OKAPI EVENT CENTER

 918-960-2600 

women's history month

@ THE SMITHSONIAN

JOBS

wanda j's next generation

SOUL FOOD

A NEW GENERATION

TRADITION

111 North Greenwood Avenue

Tulsa. OK