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OBA News
The Latest
May 2020
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May 29, 2020
SBA issues rules on PPP loan forgiveness, lender responsibilities
The following information comes courtesy the ABA: The Small Business Administration late Friday night released much-anticipated interim final rules describing the loan forgiveness process, as well as lenders’ and borrowers’ responsibilities, for the Paycheck Protection Program. For PPP loans to be forgiven under the rules, lenders must confirm they received the borrower certifications in the loan forgiveness application form and …
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May 20, 2020
Banks across Oklahoma, nation are stepping up
Banks in Oklahoma have responded to #COVID19 by standing by communities and serving as a critical delivery system for government relief. The most gratifying response has come from customers. See more ways #AmericasBanks are helping: https://bit.ly/2X31zlU #OKBanksAreHelping
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May 13, 2020
SBA announces Safe Harbor for PPP borrowers with loans of less than $2 million
The following comes courtesy the American Bankers Association: Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program loans made in amounts exceeding $2 million, the agency today issued guidance extending an automatic safe harbor to borrowers receiving PPP loans with an original principal amount of less than $2 million. These borrowers “will be deemed …
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May 3, 2020
Oklahoma banks continue pouring loans toward small businesses via Paycheck Protection Program
Oklahoma banks have worked around the clock since the second round of the Paycheck Protection Program was opened early last week, helping disburse MILLIONS of dollars and TENS OF THOUSANDS of loans to the state’s small businesses. According to the Department of the Treasury, Oklahoma banks, as of Tuesday, had already funded 20,919 loans worth more than $877 million in …
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April 2020
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April 29, 2020
SBA to reserve time for lenders with fewer than $1 billion assets today; also highlights new PPP interim rule, changes to Connect Portal
The following comes courtesy the American Bankers Association: The Small Business Administration announced this afternoon it will reserve an eight-hour block of time for lenders with fewer than $1 billion in assets to submit Paycheck Protection Program loan applications to SBA. This window will run from 3 p.m. CDT through 10:59 p.m. CDT today. In a message to lenders, SBA …
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Jeremy Cowen, Senior Vice President/Communications
Email: jeremy@oba.com | Phone: Ext. 113
Jeremy has been in charge of the Oklahoma Banker newspaper as well as the OBA website and other member communications since joining the OBA in January 2002. A native of Hartshorne and a 1997 graduate of the University of Oklahoma, he enjoys meeting and talking with the different people he encounters while doing his job. Previously, Jeremy worked as a sports writer in Lawton and, for the four years prior to joining the OBA, Lubbock, Texas, where he decided the town wasn’t big enough for both him and Bobby Knight. When not working, Jeremy loves to hike, read, watch football, baseball and boxing and teach journalism to high school and college students. And, if you ask, there’s a good chance he will regale you with the story about being interviewed on ESPN by Chris Fowler.