Economic Injury Disaster Loans: What You Need to Know to Take Advantage Now

Recently, Pierce Couch Associate Braden Hoffmann authored an article for the Oklahoma Restaurant Association’s quarterly publication, the Oklahoma Restaurateur, regarding the Small Business Association’s Economic Disaster Relief Loans (EIDLs). These loans may be beneficial to local restaurants and small businesses in surviving and thriving past the COVID-19 pandemic. They may not be right for every small business, but the coming months could be even tougher on our local restaurant industry, and they are an option worth looking into. If you own or operate a local restaurant, or small business, or know someone that does, please review and consider. 

 Additionally, the city of Oklahoma City’s Small Business Continuity Program is offering funding through its Minority-Owned Business Recovery Program. Applications are competitive, and certain requirements must be met to qualify, but this is another excellent option to consider and apply for if your business is in need of relief. Keep checking in to see if other opportunities become available. https://www.okcsmallbizhelp.com

 Pierce Couch is proud to serve as one of two firms in the state which provide legal assistance to ORA members through the ORA Legal Resource Center.  If you are a member, be sure to take advantage of this wonderful feature of your membership!