Entries by Naomi Lemon

SBA Disaster Loan Program

This information is correct as of 3/23/2020 Anyone interested in applying for this program will apply directly with the SBA. This loan program is NOT being funneled through Banks like the typical SBA 7A or SBA 504 loan programs are. Click here for the SBA Disaster Loan Program. Click here to download the presentation from […]

Congress Reaches Agreement On A Coronavirus Relief Package: Tax Aspects Of The CARES Act

Tony Nitti | Forbes A nation desperate for any reason for optimism got just that on Wednesday evening, with word that Congress had finally agreed upon a stimulus package designed to reverse the devastating impact of the COVID-19 pandemic. The Senate overwhelmingly passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and the House […]

Investigation Anti-dumping from Saudi Arabia & Russia

Senator Inhofe has submitted a letter to the Department of Commerce, signed by nine other oil and gas state U.S. Senators asking them to begin investigating anti-dumping actions against Saudi Arabia and Russia. Senator Inhofe was joined by Sen. Roger Wicker (R-MS), Sen. Kevin Cramer (R-ND), Sen. Lisa Murkowski (R-AK), Sen. Mike Rounds (R-SD), Sen. […]

SBA Economic Injury Disaster Loans

The (SBA) U.S. Small Business Administration approved Governor Stitt’s request for low-interest federal disaster loans across all 77 counties of Oklahoma. These are offered to small businesses suffering economically as a result of COVID-19 and because of the Saudi Arabia – Russia issue. The loans are designated for working capital and can provide up to […]

Coronavirus and the Corporation Commission

Effective Monday, March 23, 2020, the Oklahoma Corporation Commission (OCC) offices statewide will be closed to the public until further notice. This includes the main office in the Jim Thorpe Building in Oklahoma City, the Regional Office in Tulsa and the District Field Offices around the State. A majority of OCC employees will be working […]

LEGISLATIVE UPDATE – 3/20/2020

At this time the Oklahoma State Capitol is shut down due to COVID-19 and is undergoing an extensive, deep cleaning at this time. House and Senate staff are working remotely from their homes. A timetable has not yet been established for when they will return to the Capitol. When activity resumes, our understanding is that […]

Oklahoma producers on shaky ground as oil price war hits

Liz Hampton | WTVBAM Oklahoma’s oilfields face some of the highest costs in the U.S. shale industry, making the state a likely first victim of the crash that has seen crude fall to its lowest price in 18 years. Oil companies in Oklahoma were laying off workers and slowing activity even before the spread of […]