An excerpt from the Kansas Department of Commerce's website:
CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT
The CARES Act allocated $350 billion to help small businesses keep workers employed amid the COVID-19 pandemic. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses, which may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. The U.S. Chamber of Commerce has issued a guide to help small businesses and self-employed individuals prepare to file for a loan. CLICK HERE
Additional details on how businesses can access CARES Act funding will be provided once they are made available to us.
SBA PAYCHECK PROTECTION PROGRAM FOR SMALL BUSINESSES
The Paycheck Protection Program was signed into law on March 27, as part of a number of measures designed to support small businesses impacted by the economic disruption caused by COVID-19. It provides $350 billion in forgivable loans through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Under the program, eligible business owners can receive forgivable loans to cover eight weeks of payroll and other expenses.
Applications and supporting documentation are due June 30. Funds are limited, so you are encouraged to apply as early as possible!
for additional information please visit the kansas department of commerce's website at