Habakkuk Receives Paycheck Protection Program Loan

Habakkuk is an orthopedic device distributor and consulting firm that exists to help restore life within the orthopedic community. Our four core values – servant heart, teamwork, excellence and perseverance – act to guide us as we humbly strive to serve our surgeons and patients every step of the way.

The effects of COVID-19 have reached far and wide and the orthopedic community was just one of the many industries impacted. Due to the 5-week government mandated shutdown of elective surgery, Habakkuk was met with a near complete loss of revenue during that time. However, the Paycheck Protection Program allowed Habakkuk to prioritize its team members during that time while staying economically competitive. Habakkuk retained 100 percent of its workforce at 100 percent of their pay and managed to avoid furloughs and layoffs of any sort. 

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Habakkuk utilized this loan program for exactly that purpose and was able to maintain its mission to help restore life and remain an active member of the orthopedic community. Habakkuk is grateful for the opportunity and ability to contribute within the Oklahoma economy.