Paycheck Protection Program Update
I wanted to update you that Oak Street Funding continues to work on a solution to directly implement the Paycheck Protection Program for our customers that have been impacted by COVID-19.
In the interim, as a First Financial Bank client, the parent company to Oak Street Funding, you can now submit an application by clicking here. You can also submit an application to any other approved SBA financial institution that can administer the program.
While your loan documents with Oak Street Funding prohibit your ability to obtain additional debt financing, we will waive any violation of this requirement solely with respect to the Paycheck Protection Program. Any other indebtedness obtained through another financial institution will need to be pre-approved in writing by Oak Street Funding.
As always, I hope everyone is safe and secure and doing everything they can to limit the transmission of COVID-19.
President & CEO, Oak Street Funding and First Franchise Capital