KANSAS CITY, Mo. — Kansas Metropolis, Missouri, Mayor Quinton Lucas introduced the creation of the Kansas Metropolis Small Enterprise Emergency Reduction Fund on Wednesday.
The fund will present loans to small companies struggling to remain afloat in the course of the COVID-19 pandemic.
A complete of $500,000 in loans will likely be out there to companies with 20 workers or fewer, or companies that made $750,000 or much less final yr.
A most of $25,000 in loans will likely be distributed to every enterprise after they apply. The primary six months to a yr of the mortgage will likely be interest-free.
companies can apply for the mortgage by calling KC Supply Hyperlink at 816-235-6500, by calling 311 and asking for the mortgage help, or by visiting the AltCap website, because the company helps to distribute the loans.
The reduction fund was created final week with the passing of the 2020-21 city budget.