Wednesday, July 6, 2022

OKBanker Direct

July 2021

  • July 23, 2021

    SBA offering webinar on changes coming to the PPP Forgiveness Portal

    Dustin Allen with the SBA’s Oklahoma District Office would like to invite all Oklahoma lenders to attend a webinar on changes coming to the PPP Forgiveness Portal. This update will focus on the new Direct Forgiveness process and how lenders can opt in. The webinar will be held on Monday, July 26 at 10 a.m. and should last 30-45 minutes. …

June 2021

  • June 17, 2021

    Juneteenth holiday enacted; federal government to close Friday

    Breaking news courtesy the ABA: President Biden this afternoon signed legislation recognizing Juneteenth as a federal holiday. The new June 19 holiday commemorates the day in 1865, two and a half years after the Emancipation Proclamation and two months after the end of the Civil War, when hundreds of thousands of enslaved men and women in Texas finally learned they …

  • June 7, 2021

    SBA releases information on correcting PPP forgiveness errors

    The Small Business Administration is establishing a forgiveness payment correction process for lenders that made a mistake in requesting the accurate forgiveness amount. Effective immediately, lenders can send a platform message, using message type of “Payment or Reconciliation Questions”, to request forgiveness payment corrections. The message must include the SBA loan number, the amount of the correction being requested and …

May 2021

  • May 4, 2021

    Paycheck Protection Program funding has been exhausted

    Breaking news from the ABA: The Small Business Administration has just informed trade associations that Paycheck Protection Program funding has been exhausted and that the PPP application portal will stop accepting applications for loans from most lenders. SBA said that it has reserved approximately $6 billion in funding for previously submitted loan applications subject to hold codes that have yet …

March 2021

  • March 31, 2021

    Nominating Committee for OBA first vice chair selected

    Memorandum To: All OBA-Member Banks Re: Nominating Committee for First Vice Chair Pursuant to Section 6.3 of the By Laws of the Oklahoma Bankers Association, OBA Chairman Rick Walker is required to appoint four current board members to serve on the Nominating Committee for the office of first vice chair. The Committee is chaired by the Immediate Past Chair, which …

August 2020

  • August 17, 2020

    OBA issues banks education credit

    While 2020 is only about half over, it has definitely been memorable. Unfortunately, it included the cancellation of our Annual Meeting and Convention. You may recall your 2020 membership dues included a registration for the Convention. While we missed seeing you at convention, we still want to make things right. To do so, we have created a $500 credit for …

  • August 7, 2020

    Forgiveness platform user guide released

    The Small Business Administration has released its platform user guide for forgiveness applications, and the forgiveness portal will be up and running on Monday. Several bankers have called us and said they are ready to start submitting the forgiveness applications they’ve already processed on Monday, especially those working with companies like OBA’s endorsed vendor Abrigo, where approved applications have been …

July 2020

  • July 30, 2020

    Contact your congressional delegation about PPP loan forgiveness

    Here’s what your OBA is currently doing to help your small business customers: PPP Loan Forgiveness of all PPP loans less than $150,000 Over the past 10 days, the OBA has been working with our congressional delegation, asking it to co-sponsor two bills, one in the Senate (S. 4117) and now one (H.R. 7777) in the House of Representatives. So …

  • July 22, 2020

    Contact your senators: Ask them to co-sponsor PPP forgiveness bill

    In last week’s OBA Update, we asked our bankers to contact Sen. Inhofe and Sen. Lankford to sign-on as co-sponsors to S. 4117. This bill would all small business that received PPP loans less than $150,000 to have blanket forgiveness. Loans of this size account for 86% of all PPP loans, but the total dollar amount of these loans make …

  • July 15, 2020

    OBA needing bank info on Oklahoma Business Relief Program

    The OBA is the process of collecting information from banks concerning the Oklahoma Business Relief Program. Specifically, we need to know the total number of applications your bank currently has on hand that were not submitted before the portal closed. We’d appreciate the info as soon as possible. Please email the OBA’s Adrian Beverage at adrian@oba.com, or reply to this …