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Small businesses impacted by COVID-19 can apply for disaster assistance

March 20, 2020 / KWCH
SHARESHARESHARE

Governor Laura Kelly announced Friday that under the state’s disaster declaration, Kansas is expected to receive disaster assistance loans for small businesses impacted by the COVID-19.Through the Small Business Administration, loans of up to $2 million would be made available to small businesses in need of assistance.The disaster declaration extends to all 105 Kansas counties, making low-interest federal disaster loans for working capital available for small businesses across the state.
The first one she announced was a small disaster loan program, a program that puts money into a fund through the SBA.The second program she announced was a rapid loan program. This program is to streamline the process for local businesses to get community funds. It changes the wait time from 30 days to 24 hours. Local communities will be able to vote to allow.