COVID-19 Relief Resources for Small Businesses & Entrepreneurs

Financial Support & Assistance

Federal

As of June 15, 2020, the SBA is now accepting new EIDL applications from qualified small businesses and U.S. agricultural businesses. All funds from the EIDL Advance program has been allocated and is no longer available.

• SBA Economic Injury Disaster Loans (EIDL)
  ‍The SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. This loan must be repaid. It cannot be forgiven. It is not a grant.
  
  Borrowers have a monthly payment obligation that begins 30 months from the disbursement date shown on the top of the global front page of your Original Note.  During this deferment:
  - You may make voluntary payments without prepayment penalties
  - Interest will continue to accrue on your loan during the deferment
  - If you do not make voluntary payments during the deferment, a final balloon payment will be due on your loan at maturity
  
  Learn how to make payments on your COVID EIDL here and for more information, click here.
  
  
  ‍SBA Customer Service Center provides language support. Please call (800) 659-2955 and ask to be connected to the language line if you need translation while applying for financial assistance.
• Payment Protection Program (PPP)
  PPP applications resumed on January 11, 2021.
  
  ‍The program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. The loan amounts will be forgiven as long as they are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made.
  
  ‍First time loan participants, please apply for the First Draw PPP Loan.
  Eligible businesses may be eligible for a Second Draw PPP Loan.
• Families First Coronavirus Response Act (FFCRA)
  ‍Introduced guaranteed paid sick leave for employees who can’t work due to coronavirus, expanded Family and Medical Leave Act (FMLA) to include coronavirus-related issues such as school closings, guaranteed reimbursement to employers via tax credits, and expanded unemployment programs in all states (including Kansas and Missouri).
  
  For more information click here.
• Internal Revenue Service
  
• Cobra Subsidy under COVID Relief Bill passed by President Biden
  

State

• Missouri unemployment program amended by the FFCRA
  
• Kansas unemployment program amended by the FFCRA
  

Major Corporations

• Microsoft: offering free premium services to support remote workers at home.
  
• Evergy: flexible payment options, financial support through community partners, and more.
  
• AT&T: Special offers to assist work-from-home transitions without significant disruption.
  
• Alt-Cap: KC COVID-19 Small Business Relief Loan Fund applications have been reopened and are currently accepting new applications.
  

Legal Resources

Free legal resources for small businesses from local law firms:

• Husch Blackwell
  
• Stinson
  
• Polsinelli
  

Other Resources

• Kansas Dept. of Commerce
  
• Missouri Dept. of Health & Senior Services
  
• America’s SBDC Missouri resources
  
• America’s SBDC Kansas resources
  
• KCSourceLink Coronavirus Business Resources & Updates
  
• COVID-19 Business Response Survey II Results
  

How You Can Help

• Donate to the GKC Community Foundation
• Donate to IAKC COVID-19 medical relief fund