Thursday, July 9, 2020

OBA News

The Latest

April 2020

  • April 29, 2020

    SBA clarifies PPP’s 10-day disbursement window, fee payments

    The Small Business Administration last night issued an interim final rule providing clarity on the 10-day loan disbursement requirement under the Paycheck Protection Program, as well as the filing required to receive the lender processing fee. ‌Moving forward, lenders must make a full, one-time disbursement of PPP loan funds within 10 calendar days of the loan being approved—that is, when …

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  • April 28, 2020

    OBA President/CEO Roger Beverage addresses PPP portal problems

    It has been a maddening day for the nation’s small businesses. Access to the SBA’s PPP lending mechanism has been sporadic at best, and non-existent at worst. Officially the SBA tells us that this slower processing reality was the SBA’s intention from the outset. There was no “crashing” of the system; rather, the SBA tells us they put a “pacer” …

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  • April 25, 2020

    OBA President/CEO Roger Beverage addresses concern for the PPP

    MEMORANDUM TO: All OBA Chairmen, Presidents, CEOs and CFOs RE: Good Faith Certification Good afternoon: Some additional guidance was released by the Treasury Department this week, and I found it very troubling. Here’s why. Question #31 was added to the Treasury’s list of FAQs last Thursday. You may recall that there has been some controversy about whether large organizations, like …

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  • April 25, 2020

    SBA issues guidance on calculating max PPP loan size

    Stacked coins

    Breaking news from the ABA: With the Small Business Administration reopening its E-Tran system for Paycheck Protection Program applications on Monday morning, SBA last night issued guidance to help borrowers and lenders calculate and document the maximum PPP loan amount a business may be eligible for. The guidance covers several situations about which lenders have sought clarity. The guidance addresses …

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  • April 17, 2020

    Oklahoma banks tally large amounts of help for businesses after (first round of?) Paycheck Protection Program

    With the depletion of the Paycheck Protection Program funds on April 16, Oklahoma banks ended up handling TENS OF THOUSANDS of loans to the state’s small businesses worth BILLIONS of dollars through the Program. According to the Department of the Treasury, Oklahoma banks as of when the funds were exhausted on April 16, had funded 35,557 loans worth $4.61 billion …

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Jeremy Cowen

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.