Compiled by NetWork Kansas
Federal and state entities are assisting small businesses that are dealing with the economic impact of the Coronavirus (COVID-19) outbreak. NetWork Kansas recognizes this listing is not exhaustive as new initiatives are introduced daily. What this listing does is provide highlighted examples of how organizations are mobilizing to help offer relief and aid during this global pandemic. We'll continue to monitor and update regularly.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act - provides support to both individuals and businesses, including changes to tax policy. The provisions specific to small business have been compiled into the following guide. Click here to access.
Employee Retention Credit - This credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
Economic Impact Payments to individuals - As approved, these stimulus payments would allow most adults to get $1,200, although some would get less. For every qualifying child age 16 or under, the payment will be an additional $500. The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.
Small Business Administration
Economic Injury Disaster Advance Loans - In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid.
Paycheck Protection Program - The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020.
Google - Google is providing $800 million in various kinds of aid and support to help small- and medium-sized businesses cope with the impact of COVID-19 including providing ad credits. Learn more.
Facebook Small Business Grants Program - Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. Learn more.
Forbes Magazine - Forbes has launched the Small Business Relief Tracker; a compilation of resources and aid for businesses impacted by COVID-19.
Click here to access.
Throughout our state, organizations are ramping up efforts to assist small businesses, as well. These are a few examples:
has compiled Kansas City-area
information with links that are also helpful for resources statewide. Click here to access
The KC Covid-19 Small Business Relief Loan Fund -
a community-backed $5 million small business relief loan fund 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. Learn more
The City of Topeka Business Listing -
This listing communicates which businesses remain open -- even if offering limited services -- during the area's Safer at Home order. Click here
and scroll to access the listing.
The Wichita Community Foundation -
The Wichita Community Foundation (WCF) has mobilized $100,000 in response to the COVID-19 pandemic. The WCF Emergency Fund will assist nonprofits and the newly-created fund, Stand with Wichita, supports individuals. Learn more
ICT Bar Rescue -
Established to help Wichita-area restaurant workers. Learn more.