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13 04, 2021

Forgiveness Information for PPP Loans

2021-06-14T13:22:49-05:00April 13th, 2021|COVID-19, Small Business|0 Comments

Links to Forgiveness Applications FORM 3508S FORM 3508-EZ FORM 3508 Forgiveness conditions of the Paycheck Protection Program The funds from your PPP loan can be used for the following purposes: Payroll—salary, wage, vacation, parental, family, medical, or sick leave, health benefits Mortgage interest—as long as the mortgage was signed [...]

13 04, 2021

Am I eligible for the new round of PPP?

2021-04-13T15:36:24-05:00April 13th, 2021|COVID-19, Small Business|0 Comments

Am I eligible for the new round of PPP? Companies with 300 or fewer employees who suffered a 25% drop in any quarter’s revenue from 2019 to 2020 are eligible for the second round of PPP. This means a 25% or more reduction in gross income from any quarter in 2020 relative to that same [...]

13 04, 2021

Pandemic Assistance for your Small Business

2021-04-13T15:13:19-05:00April 13th, 2021|COVID-19, Small Business|0 Comments

Need pandemic assistance for your small business? Here's a rundown of several economic relief programs that are available. Despite the improved numbers for new cases and deaths compared to the peak of the pandemic, COVID-19 continues to have an outsized impact on small businesses. The passage and signing of the American Rescue Plan Act in [...]

5 03, 2021

PPP Loan Applications Online

2021-09-20T13:50:28-05:00March 5th, 2021|COVID-19, Green Country News, Small Business|0 Comments

No Longer Accepting PPP Applications UPDATE May 5, 2021 | Green Country FCU is no longer accepting PPP applications as the SBA-backed program has run out of funds. Any applications approved but not yet funded will still be processed. This does not affect PPP loans funded.   Here’s a rundown of several economic relief programs [...]

28 02, 2021

Self-Employed Apply for a PPP Loan Now!

2021-02-28T23:38:30-06:00February 28th, 2021|COVID-19, Small Business|0 Comments

Self-employed and gig workers could get bigger loans under new PPP rules.  It just got easier for businesses with less than 20 employees to obtain a PPP loan. The Government changed how the Small Business Administration's Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. The updated formula — which will likely [...]

18 01, 2021

Farmers/Ranchers Eligible for PPP Loans

2021-01-18T22:19:55-06:00January 18th, 2021|COVID-19, Green Country News, Small Business|0 Comments

Farmers gain greater access to small business support as PPP reopens Farmers who run their operations as sole proprietors, independent contractors, or otherwise self-employed individuals will have newly expanded access to the Paycheck Protection Program (PPP) under changes made in the COVID stimulus package Congress approved last month. Producers who were denied PPP loans or [...]

18 01, 2021

Paycheck Protection Program Loans Now Available

2021-01-27T11:28:07-06:00January 18th, 2021|COVID-19, Small Business|0 Comments

Notice: Paycheck Protection Program resumed January 11, 2021 at 9am ET SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA will begin accepting applications for Second Draw PPP Loans on January 13, 2021. I'd like more information about PPP [...]

14 01, 2021

PPP-Application

2021-01-16T08:30:38-06:00January 14th, 2021|COVID-19, Small Business, Uncategorized|0 Comments

Update January 14, 2021 Paycheck Protection Program applications are open again There are two applications available:   First Time Borrower Application - You did not receive a PPP loan in 2020 APPLY NOW - PPP First Time Borrower Second Time Application  - You received a PPP loan in 2020 2nd Time Borrower Application [...]

15 10, 2020

A New PPP Forgiveness Application is Out: What You Need to Know

2020-10-15T10:10:01-05:00October 15th, 2020|COVID-19, Small Business|0 Comments

The Application The 3508S is a one-page application, with a second page for demographic information. Instead of having to show your forgiveness amount calculation as you do on the 3508EZ, you simply certify seven things: The dollar amount for which forgiveness is requested does not exceed the principal amount of the PPP loan and: a) [...]

25 08, 2020

Small-Business Owners: Don’t Forget Special Pandemic Tax Breaks

2021-09-20T13:59:32-05:00August 25th, 2020|COVID-19, Small Business|0 Comments

shared from the Wall Street Journal Whatever shape your business is in, here are tax moves to consider now Note: All are likely to require professional help but could provide big benefits. If you’re a small-business owner, don’t overlook tax breaks that could help this year—whether your business is on the ropes or is booming. [...]

21 08, 2020

Tips To Help Your Business Stay Afloat During Uncertainty with Guy Kawasaki

2021-09-20T14:01:14-05:00August 21st, 2020|COVID-19, Small Business, Uncategorized|0 Comments

We're sharing a post from A Daily Dose of OPTIMISM! recorded with Guy Kawasaki on LinkedIn Live. We hope you find this enlightening! In today’s conversation with Guy Kawasaki, entrepreneur, author of 15 books, marketing expert, and Silicon Valley venture capitalist—we discuss some of the tactical ways that entrepreneurs and CEOs can navigate leadership during the [...]

30 06, 2020

Apply for Oklahoma Business Relief Program Today

2020-12-15T09:27:47-06:00June 30th, 2020|COVID-19, Green Country News, Small Business|0 Comments

Applications are no longer being accepted for this program. Oklahoma Business Relief Application & Guidelines Green Country is participating in the Oklahoma Business Relief Program (OBRP) which is a one-time grant for up to $25 million for qualified businesses. The OBRP is a state-level program administrated by the Oklahoma Department of Commerce. OBRP requires that [...]

29 05, 2020

5 Tips to Maximize PPP Forgiveness

2020-05-29T17:48:07-05:00May 29th, 2020|COVID-19, Financial, Small Business|0 Comments

Tip #1: Use the Covered Period for Payroll Costs A first tip to maximize PPP forgiveness? Use the eight-week covered period that starts when you get the PPP loan. Not the alternative covered period which starts the day the next payroll period starts. (You get to choose which eight weeks you look at.) The reason? [...]

21 05, 2020

Small Business Support through the Pandemic

2020-05-21T08:18:56-05:00May 21st, 2020|COVID-19, Financial, Green Country News, Small Business|0 Comments

Paycheck Protection Program Update Our commercial lending team has worked tirelessly since late March helping our small business members and new relationships stay afloat by utilizing the SBA's Paycheck Protection Program. To date, we've helped 90 business owners receive an average of $35,010 in what should be forgivable loans to pay employees and utilities. We've [...]

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