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Resilience and Recovery Fund

TULSA ECONOMIC DEVELOPMENT CORPORATION

Foundation One-time Small Business GrantsHardship Grants
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Funding Amount

Up to $50,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Resilience and Recovery Fund

Program Status: Zero-interest emergency loan program (COVID-19 relief, launched April 1, 2020)

Geographic Scope: Tulsa, Oklahoma

Overview: In partnership with Tulsa Economic Development Corporation (TEDC), the City of Tulsa dedicated $1.1 million in funds for zero-interest loans to provide financial assistance to small business owners and entrepreneurs affected by COVID-19.

Eligibility Requirements:

  • Fewer than 50 full-time equivalent (FTE) employees

  • 2019 revenues did not exceed $5,000,000

  • Experienced a decrease in revenue of at least 25% between February and March 2020 due to COVID-19

  • Must be a small business or entrepreneur in Tulsa

    • Loan Details:

  • Maximum Loan Amount: Up to $50,000

  • Interest Rate: Zero interest (0%)

  • Acceptable Uses: Payroll, insurance premiums, bridge loans, and other business expenses

    • Purpose: Stop-gap measure for businesses affected by COVID-19 pandemic; served as bridge funding while businesses pursued federal SBA funding

    Partners:

  • City of Tulsa

  • TEDC Creative Capital

  • George Kaiser Family Foundation (provided technical support and navigation counseling)

    • Contact Information:

  • Phone: (918) 585-8332

  • Website: www.TEDCNet.com

  • Additional resources: www.TulsaResponds.org (for help navigating various federal, state, and local stimulus funds)

  • FAQ and updates: www.cityoftulsa.org/COVID-19

    • How to Apply

    Application Process

    Submission Method:

  • Apply online at www.TEDCNet.com

  • Or contact TEDC directly at (918) 585-8332

    • Application Timeline:

  • Began accepting applications immediately upon announcement (April 1, 2020)

  • Expedited loan funding available

    • Support Available:

  • Technical assistance through George Kaiser Family Foundation partnership

  • Navigation support for federal/state/local stimulus dollars available at www.TulsaResponds.org

  • Personalized counseling to walk through qualifications and application process

    • Apply with Grantable Learn more

    Focus Areas & Funding Uses

    Fields of Work

    small-businesseshardship

    Categories

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