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Governor Kelly announces the Federal Paycheck Protection Program Reopens Applications for Forgivable Loans

Governor Kelly announces the Federal Paycheck Protection Program Reopens Applications for Forgivable Loans

TOPEKA – With the launch of 2021 Coronavirus relief programs, Governor Kelly today announced Kansans will start publishing applications towards the 2021 Federal Paycheck Protection Program (PPP) for forgivable loans to businesses that are small.

“Kansas little companies have now been among those hardest struck by COVID-19,” Governor Laura Kelly stated. “The Paycheck Protection Program is key to maintaining our state on the way to recovery. This is an excellent step of progress, but we understand the necessity for relief is very good – and I also will continue to push for extra stimulus financing to aid Kansas’ financial data data data recovery.”

Led because of the small company management (SBA) while the Treasury Department, the PPP is a federally administered system delivering loans to businesses that are small protect payroll expenses. The SBA started applications that are accepting Community finance institutions on January 11 and through all the finance institutions on January 19, with applications accepted through March 31.

“In the previous 12 months, the Paycheck Protection Program offered federal help to thousands of Kansas smaller businesses, but we recognize that the requirement continues to be great,” Lieutenant Governor and Commerce Secretary David Toland stated. “This system exists to place dollars that are federal the fingers of small enterprises whom need them many.