Because of COVID-19, we know many of our clients and others in our community are struggling. Here some federal and state programs that can help during this time of need.
SBA Paycheck Protection Program – Although this CARES Act program ran out of the first round of funding, a second round looks to be forthcoming. This low-interest loan program provides much-needed funds for small businesses to pay payroll expenses, rent, and utilities. As long as 75% of the loan is used for payroll, the entire loan is forgivable. If you already have a relationship with a community bank, reach out and ask if they are participating as an SBA preferred lender. You can also contact our office, and we can refer you to a local bank.
Federal Stimulus Payments – If you haven’t already received your stimulus payment via direct deposit, you can check your status at Get My Payment. If you get a Payment Status Unavailable message, please note that it does not automatically mean that you will not receive a payment.
Paid Leave – As part of the Families First Coronavirus Act, paid sick leave and medical leave related to COVID-19 have been expanded for many employees. Check out the guidelines to see if you qualify.
State of Kansas
Unemployment Benefits – As part of the CARES Act, unemployment benefits have been expanded. Eligible recipients will receive an extra $600 per week in benefits. Additionally, unemployment benefits are now temporarily available for self-employed workers and independent contractors.