Governor Kelly announces the Federal Paycheck Protection Program Reopens Applications for Forgivable Loans

Governor Kelly announces the Federal Paycheck Protection Program Reopens Applications for Forgivable Loans

TOPEKA – 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.

“Kansas little companies have already been among those hardest struck by COVID-19,” Governor Laura Kelly stated. “The 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 – and I continues to push for extra stimulus money to aid Kansas’ financial data recovery.”

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.

“In 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,” Lieutenant Governor and Commerce Secretary David Toland stated. “This 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.”

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

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