Paycheck Protection Program Update
Applications, once again, being accepted from our customers
We have just learned funding for the SBA Paycheck Protection Program (PPP) has been extended. Oak Street Funding has worked quickly, once again, to keep our customers informed and let them know applications are now being accepted by our parent company, First Financial Bank.
As we experienced from the initial round of PPP funding, time is of the essence. Applying and providing all required documentation as quickly as possible is essential.
If you did not submit an application during the first round of funding, you can submit an application now 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