Thousands of Oklahoma businesses receive PPP loans from CARES Act


OKLAHOMA CITY (KFOR) – Nearly 7,000 Oklahoma businesses applied for and received Paycheck Protection Program loans through the CARES Act.

The loans charge just 1% interest and can be forgiven if the business uses 75% of the money to pay workers.

A total of 6,848 Oklahoma businesses were given more than $150,000.

774 Oklahoma companies are getting an excess of $1 million from the small business lending program and 44 have been granted between $5 and $10 million.

Click below to read the full list of businesses.

The data released by the Small Business Administration and Treasury shows that a broad cross-section of American businesses received loans, including gyms, hair salons, media outlets, law firms and construction companies.

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