>PRESS RELEASE, Jan 11, 2021:  Paycheck Protection Program (PPP) officially re-opened

PPP officially reopened today and we have included some details on the program below as well as attached a presentation from the SBA. As many of you may have heard, the legislation made some new organizational types eligible for funding as well as a second round of funds available for those most impacted small businesses.

• Any business who received and used the full amount of  its PPP loan, have no more than 300 employees, and can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020 are eligible for a second loan.
• The loans can be for up to $2 million and must be used to help cover payroll costs, mortgage interest, rent, utilities and worker protection costs related to COVID-19.
• Additionally, any business that did not apply for a loan in 2020, can do so now.
• The new legislation also formalized the use of Schedule F tax forms for farmers who file as sole proprietors. Previously there was quite a bit of grey around the ability of lenders to use Schedule F’s as part of the application process. This should help make more farmers and ranchers available for loans.

DEADLINE:  Applications for the PPP will be accepted until March 31, 2021.

MORE INFO:  More information as well as a list of participating lenders can be found on the Treasury’s website here: : https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses

POWER POINT: To view the PPP PowerPoint presentation click here.

>PRESS RELEASE, Jan 11, 2021:  Economic Injury Disaster Loan Program  (EIDL) officially re-opened through 2021

The EIDL portal through the SBA is officially reopened. These low-interest loans can be used on a variety of business-related expenses.

LEARN MORE AND APPLY HERE: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans

>KANSAS EVICTION PREVENTION PROGRAM (KEPP) click here for details.

>CDBG-CV Grants for Business Support:

A second round of Norton County CDBG-CV applications for business support grants for businesses operating outside Norton City Limits but inside Norton County will open soon, please stay tuned, we will press release the grant opening and deadline dates.

DOCUMENT #1: Norton CDBG-CV Application Pages 3 & 4 CLICK HERE

DOCUMENT #2: D&B Application (Dunn & Bradstreet Number needed for grant application) CLICK HERE

DOCUMENT #3: Norton County Employee Certification Form with Limits CLICK HERE

For the most comprehensive and up-to-date COVID-19 information for small business owners, independent contractors, and sole proprietors, as well as unemployment filing and insurance, please visit the KSBDC website at:   https://www.kansassbdc.net/covid19

     Content

• Paycheck Protection Program
• Economic Injury Disaster Loans and Loan Advance
• SBA Debt Relief
• SBA Express Bridge Loans
• Guidance for Businesses and Employers
• SBA Products and Resources
• Government Contracting
• Local Assistance

KANSAS TOGETHER - a website intended to be a one-stop resource for Kansas families and business owners seeking quick access to the information and tools needed to navigate and mitigate the impact of coronavirus in our state.

Kansas Department of Labor Website: https://www.dol.ks.gov/     

Centers for Disease Control and Prevention Website CLICK HERE for Resources for Business & Employers

Kansas Department of Commerce Business Resources-Includes Many State and Local Links  CLICK HERE for Information and Resources related to funding, incentives, and loans.

USDA & Food & Nutrition Service relief measures  CLICK HERE for Information and Resources to help rural residents and businesses.