COVID-19 Small Business Resources
Do you know the best steps your small business can take now that COVID-19 (Coronavirus) is in Kansas? This resource guide will help you plan to keep your team and your business safe.
Tip: Talk to your lender now about loan modifications available due to the Coronavirus (many banks are making no-cost modifications available but you typically must specifically ask. (Ex: Interest-only payments for a few months, months of payments pushed off to end of the loan, etc.) Your Lender does not want to see you go out of business, talk to them now!
SBA Loan Comparison Guide
Coronavirus Aid, Relief, and Economic Security (CARES) Act
The legislation covers an array of programs, including direct payments to Americans, an aggressive expansion of unemployment insurance, billions of dollars in aid to large and small businesses, and a new wave of significant funding for the health care industry.
SBA Economic Injury Disaster Loan (EIDL)
Tip: Print out the required forms and collect required info before you start filling out the application on-line (put your answers on the paper form first and then start filling out on-line, also save as you go as this is a large volume of traffic and the site may glitch)
Tip #2: For those seeking the forgivable "$10,000 Advance" that submitted an application prior to March 30th, you will need to go back in and submit again to ensure you receive it.
SBA Express Bridge Loan Pilot Program
This pilot program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing on an emergency basis for disaster-related purposes to eligible small businesses, while the small businesses apply for and await long-term financing.
Kansas Hospitality Industry Relief Emergency (HIRE) Fund
Due to the overwhelming initial response, we regret to announce that all initial funds available through the HIRE Fund have been allocated at this time. However, the form remains open and it is recommended that hospitality businesses still complete the form so Kansas can collect information from hospitality businesses on the losses they are facing due to the COVID-19 pandemic.
WEBINAR - Employer's Guide to COVID-19
WEBINAR - Employer's Guide to CARES Act
Tips for Businesses on Responding to the Impact of the COVID-19 Pandemic
Small Business Marketing during COVID-19 (courtesy of Alabama SBDC)
An employer/business owner may use Shared Work in lieu of a temporary, total layoff of employees. It allows for a partial workweek and partial unemployment benefits for employees.
CDC COVID-19 Interim Guidance for Businesses and Employers
Need help projecting your cash flow? Contact your local SBDC
Need assistance in adjusting your marketing/business plan during and after COVID-19? Contact your local SBDC
Unemployment Benefits - Kansas Department of Labor
Family Medical Leave Act (FMLA) - U.S. Department of Labor
Families First Coronavirus Response Act - U.S. Department of Labor
Curious about tax implications related to COVID-19 financial assistance? Contact your tax professional or the IRS at https://www.irs.gov/help/telephone-assistance
For information related to EIDL and/or the status of your application, contact your local U.S. Small Business Administration district office
For information related to PPP, contact your local participating lender