TOPEKA – With the launch of 2021 Coronavirus relief programs, Governor Kelly today announced Kansans will start publishing applications into the 2021 Federal Paycheck Protection Program (PPP) for forgivable loans to smaller businesses.
“Kansas little companies have now been among those hardest struck by COVID-19,” Governor Laura Kelly stated. “The Paycheck Protection Program is important to maintaining our state on the way to recovery. This is an excellent step of progress, but we understand the necessity for relief is excellent – and I also continues to push for extra stimulus financing to aid Kansas’ financial data data data recovery.”
Led because of the small company management (SBA) and also the Treasury Department, the PPP is just a federally administered system delivering loans to businesses that are small protect payroll costs. The SBA started accepting applications through Community banking institutions on January 11 and through all the banking institutions on January 19, with applications accepted through March 31.
“In the year that is past 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 federal bucks in the fingers of small enterprises whom need them many. I would personally encourage Kansas small enterprises to use for the program to obtain additional resources as our state continues to develop and get over this enormous challenge.”
Through the 2020 circulation of PPP cash, 54,000 businesses that are small Kansas received $5 billion in capital.
The 2021 PPP aims to result in the program more desirable for small enterprises and target the worst affected companies through the following changes: