RESOURCES
Oklahoma Baptist RESOURCE PAGE
Thank you for visiting Oklahoma Baptists’ COVID-19 (Coronavirus) resources page. We will be posting links and information that pastors and churches may find helpful, as together we pray for the Lord’s help.
COVID-19 Economic injury Disaster loan/gRANT Application
Sliding scale $10,000 dollar grant for facing potential economic impact due to the COVID-19. Faith based organizations and non-profits are eligible to apply. They are updating the language in the application to accommodate religious organizations. Be sure to read the fine print before certifying the completion of this online application to make sure the language has been updated not to conflict with your Christian beliefs.
SBA Paycheck protection program
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses and non-profits to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020. You must apply through your local SBA Bank Lender. Be sure to read the fine print before certifying the completion of this online application to make sure the language has been updated not to conflict with your Christian beliefs.
Employee Retention credit under the CARES ACT
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, is designed to encourage Eligible Employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an employee retention tax credit of up to $5000 per employee per year. Available to churches and non-profits and can be combined with the Economic Injury Disaster Grant with restrictions but not with the SBA Paycheck Protection Program.