TOPEKA вЂ“ With the launch of 2021 Coronavirus relief programs, Governor Kelly today announced Kansans will start publishing applications towards the 2021 Federal Paycheck Protection Program (PPP) for forgivable loans to small enterprises.
вЂњKansas little companies have already been among those hardest struck by COVID-19,вЂќ Governor Laura Kelly stated. вЂњThe Paycheck Protection Program is fundamental to maintaining our state on the way to recovery. This is an excellent step of progress, but we all know the necessity for relief is excellent вЂ“ and I continues to push for extra stimulus money to aid KansasвЂ™ financial data recovery.вЂќ
Led because of the small company management (SBA) in addition to Treasury Department, the PPP is just a federally administered system providing loans to businesses that are small protect payroll costs. The SBA started applications that are accepting Community finance institutions on January 11 and through all the other finance institutions on January 19, with applications accepted through March 31.
вЂњIn the previous 12 months, the Paycheck Protection Program offered federal help to thousands of Kansas small enterprises, but we recognize that the necessity continues to be great,вЂќ Lieutenant Governor and Commerce Secretary David Toland stated. вЂњThis system exists to place dollars that are federal the arms of small businesses whom need them many. I’d encourage Kansas small enterprises to try to get the program to obtain more resources as our state will continue to develop and get over this enormous challenge.вЂќ
Through the 2020 circulation of PPP cash, 54,000 small enterprises in Kansas received $5 billion in money.
The 2021 PPP is designed to result in the system more desirable for smaller businesses and target the worst affected companies through the changes that are following