COVID-19 Business ResourcesPublished by CEO on Thu, 01/02/2020 - 12:31pm
Master List of Resources
HOSPITALITY INDUSTRY RELIEF EMERGENCY FUND
The Kelly Administration has established the Hospitality Industry Relief Emergency (HIRE) Fund to provide bridge loans for Kansas’ hospitality sector during the COVID-19 crisis.
Governor Kelly is committed to providing support to our state’s small businesses, and she understands this pandemic is an especially serious challenge for the hospitality industry. In order to sustain operations for this sector, the administration has allocated $5 million for a round of bridge loans to hospitality businesses.
Eligible businesses in Kansas will be able to apply for a one-time loan of up to $20 thousand at 0% interest for a period of 36 months. There will be no principal or interest payments for the first four months.
EXAMPLES OF HOSPITALITY BUSINESSES INCLUDE:
Other hospitality businesses will be considered and may be approved on a case-by-case basis.
THESE FUNDS CAN BE USED AS WORKING CAPITAL FOR BUSINESS EXPENSES INCLUDING, BUT NOT LIMITED TO:
Commercial loan payments
Commercial lease payments
Funds will be strategically distributed across the state to maximize relief for all hospitality sectors across Kansas and focus on the areas most affected.
DISTRIBUTION WILL BE ALLOCATED AS FOLLOWS:
$2 million to the KC Metro area (incl. Johnson, Wyandotte, Shawnee and Douglas counties)
$1 million to Sedgwick County
$2 million to the remainder of the state
Small Businesses- there are resources available to you to offset the hardships that have risen due to the COVID-19 crisis. Complete the SBA Estimated Disaster Economic Injury Worksheet For Businesses as soon as possible.
SBA Offers Disaster Assistance to Kansas Small Businesses Economically Impacted by the Coronavirus (COVID-19)
SACRAMENTO, Calif. – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Kansas small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Laura Kelly on March 17, 2020.
The disaster declaration makes SBA assistance available in the entire state of Kansas and the neighboring counties below.
Neighboring Colorado counties: Baca, Cheyenne, Kiowa, Kit Carson, Prowers and Yuma;
Neighboring Missouri counties: Andrew, Barton, Bates, Buchanan, Cass, Clay, Holt, Jackson, Jasper, Newton, Platte and Vernon;
Neighboring Nebraska counties: Dundy, Franklin, Furnas, Gage, Harlan, Hitchcock, Jefferson, Nuckolls, Pawnee, Red Willow, Richardson, Thayer and Webster;
Neighboring Oklahoma counties: Alfalfa, Beaver, Cimarron, Craig, Grant, Harper, Kay, Nowata, Osage, Ottawa, Texas, Washington and Woods.
“SBA is strongly committed to providing the most effective and customer-focused response possible to assist Kansas small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of the Coronavirus (COVID-19),” said Administrator Carranza.
SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.
“Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” said Carranza.
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Carranza added.
Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020.
For more information about Coronavirus, please visit: Coronavirus.gov.
For more information about available SBA resources and services, please visit: SBA.gov/coronavirus.
Kansas Essential Functions Request Site — https://governor.kansas.gov/keff/
Essential Functions Request Form — https://appengine.egov.com/apps/ks/gov-essential
Contact Email Address — KEFF@ks.gov