Mar 22, 2020 5:03 PM

U.S. Small Business Administration offering emergency disaster loans

Posted Mar 22, 2020 5:03 PM

The U.S. Small Business Administration has begun to offer emergency disaster loans for Kansas businesses in response to the COVID-19 pandemic. The disaster declaration applies to all 105 Kansas counties.

Eligibility for economic injury disaster loans is based on the financial impact of the COVID-19. SBA loans may be used to pay fixed debts, payroll accounts payable and other bills because of the disaster's impact. The interest rate is 3.75 percent for small businesses and 2.75 percent for private non-profit organizations.

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Mar 22, 2020 5:03 PM
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