Resources for small businesses, residents, non-profits, etc.
The U.S. Small Business Administration will make loans of up to $2 million available to small businesses disrupted by coronavirus. The disaster declaration makes low-interest federal disaster loans for working capital available for Kansas small businesses suffering substantial economic injury.
You can begin applying for disaster loan assistance now. SBA customer service representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.
SBA loans may be used to pay fixed debts, payroll, accounts payable and other bills because of the disaster’s impact. Eligibility is based on the financial impact of the novel coronavirus, COVID-19. The interest rate is 3.75 percent for small businesses and 2.75 percent for private non-profit organizations.
The Kelly Administration has established the Hospitality Industry Relief Emergency (HIRE) Fund to provide bridge loans for Kansas’ hospitality sector during the COVID-19 crisis. Eligible businesses in Kansas will be able to apply for a one-time loan of up to $20 thousand at 0% interest for a period of 36 months. There will be no principal or interest payments for the first four months.
Many banks have offered deferment and forbearance to business loan customers having trouble making payments. Search for your bank on the American Bankers Association’s ongoing A-Z list of coronavirus response programs.
Facebook has committed to offering up to 30,000 small businesses $100 million in cash grants and Facebook advertising credits. The grants will be provided to businesses in more than 30 countries. Information is limited, but sign up to get more details from the company when they’re available.
Taxpayers will get a three-month reprieve to pay the income taxes they owe for 2019, Treasury Secretary Steven Mnuchin has said.
As part of its coronavirus response, the federal government will give filers 90 days to pay income taxes due on up to $1 million in tax owed, Mnuchin said in Washington. The reprieve on that amount would cover many pass-through entities and small businesses, he said.
Corporate filers would get the same length of time to pay amounts due on up to $10 million in taxes owed, Mnuchin said.
During that three-month deferral period, taxpayers won’t be subject to interest and penalties, he said.
A coalition of charitable, business and government partners has joined together to create the Kansas City Regional COVID-19 Response and Recovery Fund to address the needs of the Kansas City region's most vulnerable communities affected by the COVID-19 pandemic. The Greater Kansas City Community Foundation, United Way of Greater Kansas City, LISC Greater Kansas City (Local Initiatives Support Corporation), and the Mid-America Regional Council (MARC) are co-leading the coalition. The Greater Kansas City Community Foundation is housing the Kansas City Regional COVID-19 Response and Recovery Fund, which will collect donations to make grants to nonprofit organizations that have experience supporting impacted communities – particularly those that are disproportionately affected by this global pandemic and its economic consequences.
The coalition is forming a community advisory board made up of foundation and civic leaders and community representatives who will oversee the Fund. These individuals have both an understanding of the community's needs and the charitable organizations that work to serve those needs and will work together to assess potential grant recipients.
The Fund expects to deploy an initial round of grants as soon as possible to support operations and services with a focus on critical needs, including, but not limited to:
- Housing support (rent, mortgage, utilities)
- Food insecurity
- Access to health care
- Other critical human services
The Fund will support charitable organizations to both maintain their operations and services and increase their capacity to serve those impacted by COVID-19, including addressing the economic impacts on individuals and their families due to job interruption and reduction in income and benefits.
Additional grants will be released on a rolling basis as fundraising continues and needs are identified through outbreak and recovery phases of the crisis.
Nonprofits in Need:
Individuals in Need:
Contact United Way 211 by dialing 211 to reach trained, caring professionals seven days a week, 24 hours a day, or visit 211kc.org.
Kansas Unemployment - Information for Employers and Individuals
If you are not working or working reduced hours due to COVID-19, you may be eligible for Unemployment Insurance (UI) benefits. The UI program was established as a means to protect those who are involuntarily unemployed from the financial burdens and dangers that come with being unemployed. It is designed to be a short-term assistance program and may be able to help those whose employment has been adversely impacted by COVID-19.
AltCap Small Business Relief Loan Fund to Provide Financial Support During the COVID-19 Pandemic
Greater Kansas City Chamber of Commerce, the Kansas City Area Development Council, the Civic Council of Greater Kansas City and the Ewing Marion Kauffman Foundation supporting effort to aid small businesses
Kansas City, MO (March 31, 2020) – In response to the COVID-19 pandemic, a new community-backed $5 million small business relief loan fund was launched today by AltCap, supported by the Greater Kansas City Chamber of Commerce (KC Chamber), the Kansas City Area Development Council (KCADC) the Civic Council of Great Kansas City (Civic Council) and the Ewing Marion Kauffman Foundation.
The KC COVID-19 Small Business Relief Loan Fund is intended to provide immediate relief to local small businesses experiencing extreme economic disruption and financial strain as a result of the necessary public health measures to “flatten the curve” and combat the virus. Kansas City’s leading business and civic organizations, including the KC Chamber, KCADC and the Civic Council, are calling for additional support from other business and community leaders to add to commitments from the Ewing Marion Kauffman Foundation; Michael and Leah Hoehn of Automated Systems, Inc. (ASI) and Neal and Angela Sharma of DEG; PortKC; and AltCap to reach the fund’s $5 million goal.
For more information and to apply, visit https://www.alt-cap.org/covid-relief-fund
KCSourcelink at the UMKC Innovation Center has a hotline for small businesses seeking support as well as an ongoing survey of small businesses and a well-maintained and updated listing of Coronavirus Business Resources.