COVID-19 Small Business Resources
UPCOMING FREE WEBINARS
April 29th, 9:00 a.m. - Working on Your Business, When You Can’t Work in Your Business
PAST COVID-19 WEBINARS
HELP FOR YOUR EXISTING LOANS (LOCAL, BANK, SBA)
Everyone: Talk to your lender now about loan modifications available due to the Coronavirus. Many banks are making no-cost modifications available if you ask (Ex: Interest-only payments for a few months, months of payments pushed off to end of the loan, etc.). Your Lender does not want to see you go out of business, talk to them now!
SBA Debt Relief Program: If you have SBA 7(a), 504 or Microloans, the SBA will make the next 6 months of payments for you and you do not have to pay those 6 months back. If you have not spoken to your SBA Lender about this, please do so now to ensure you get this benefit. [see the SBA Loan Comparison Guide for additional details]
SBA CORONAVIRUS LOANS (EIDL, PPP, EXPRESS BRIDGE LOANS)
SBA Economic Injury Disaster Loan (EIDL)
SBA Economic Injury Disaster Loan (EIDL) with up to $10k forgivable Advance: SBA Disaster Loan via the SBA (not through a Bank) with a 30-year fixed-term and opportunity to get up to a $10k forgivable Advance ($1k per employee for the Advance). You do not have to pay back the Advance, even if you are denied the EIDL loan or decide not to take the loan. [see the SBA Loan Comparison Guide for additional details]
Paycheck Protection Program (PPP)
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
PPP Clarification FAQ from Treasury Department (as of April 10th)
SBA Express Bridge Loan Program
Up to $25k Loan for working capital through your SBA participating bank/lender that you have an existing banking relationship with as of March 13, 2020. Primary use is to assist while you apply for and await long-term financing. [see the SBA Loan Comparison Guide for additional details]
LOCAL FINANCIAL ASSISTANCE
Don’t forget to check with your local officials/groups about programs that they may be offering at this time
Up to $5k per employee. This Retention Credit cannot be used by PPP loan borrowers. Request advance credit from IRS: https://www.irs.gov/forms-pubs/about-form-7200
FOR KANSAS HOSPITALITY INDUSTRY (LODGING, RESTAURANTS, EVENT CENTERS, ETC)
Kansas Hospitality Industry Relief Emergency (HIRE) Fund
Due to the overwhelming initial response, we regret to announce that all initial funds available through the HIRE Fund have been allocated at this time. However, the form remains open and it is recommended that hospitality businesses still complete the form so Kansas can collect information from hospitality businesses on the losses they are facing due to the COVID-19 pandemic and in case more money becomes available for this program.