NEW PPP PROGRAM LAUNCHING TODAY!!
Updated: Jan 26
The Payroll Protection Program PREP (PPP PREP)-Kansas City is a partnership effort with the City of Kansas City KC BizCare Office, the Prospect Business Association of Kansas City (PBA) and the Heartland Black Chamber of Commerce, service professionals and funders to provide PPP loan preparation services to Black and minority owned small businesses to get them ready for stimulus dollars. PPP PREP focuses on outreach to support the businesses who missed previous rounds of PPP loans. The program aims to serve as a lifeline for local Black- and brown- owned business owners to complete their PPP applications.
SBA is reopened the Paycheck Protection Program (PPP) for First Draw Loans January 11, 2021. The First Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations. Existing PPP borrowers that did not receive loan forgiveness by December 27, 2020 may: (1) reapply for a First Draw PPP Loan if they previously returned some or all of their First Draw PPP Loan funds, or (2) under certain circumstances, request to modify their First Draw PPP Loan amount if they previously did not accept the full amount for which they are eligible.
Visit https://bizcare.kcmo.gov/ to sign up. Applications for PPP Prep Kansas City are now open to Kansas City Missouri based businesses.