U.S. Sen. Jerry Moran, R-Kansas, has announced the U.S. Small Business Administration (SBA) has approved 19,915 loans totaling $3.73 billion in federal relief dollars reaching Kansas small businesses.
The SBA was awarded a supplemental funding through the Phase III Coronavirus Aid, Relief, and Economic Security (CARES) Act.
“Less than three weeks following passage of the CARES Act, almost $4 billion has been dispersed to Kansas small businesses to keep their lights on, save jobs and keep employees on the payroll,” Sen. Moran said in a statement. “Our local lenders have worked tirelessly to get a year’s worth of lending into their customers’ hands in a matter of weeks – despite the many challenges of navigating a new system. Resources for this job-saving program will run out in the next few days. Kansas workers deserve relief and I hope Congress will act quickly to make certain there is sufficient funding.”