The Economic Development Agency for Montgomery County, KS
Montgomery County Action Council (MCAC) is the economic development agency for Montgomery County, Kansas. Our organization works collaboratively with local and regional partners to attract new business investment, encourage the expansion of existing industry and small businesses, align workforce education and training with in-demand jobs, locate new markets for Montgomery County products, and plan and mobilize resources for economic development.
MCAC IS WORKING TO RESPOND QUICKLY TO THE COVID-19 PANDEMIC. BELOW ARE RESOURCES FOR YOUR BUSINESS:
The CARES Act: Small Business Assistance Information
This resource became available in mid-March, following an Economic Disaster Declaration for the state of Kansas. Since it’s a disaster loan, it is administered directly by the SBA, so business owners will need to work directly with the SBA rather than with an SBA-approved lender.
Go Directly to the SBA website and learn more about the Paycheck Protection Program.
Get more details from Congressman Marshall's office.
Kansas Essential Functions
The State of Kansas has established guidelines for determining which businesses provide functions considered “essential”. This determination is based upon the Kansas Essential Functions Framework (KEFF). For the safety of your employees and the public, it is critical that as many individuals as possible remain at home.
SBA: ECONOMIC INJURY DISASTER LOAN PROGRAM
Disaster Loan Assistance Available: Economic Injury Disaster Loans (EIDLs) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
For more information click the link below to be directed to the SBA Disaster Loan Assistance Website:
MONTGOMERY COUNTY CDBG SMALL BUSINESS RELIEF LOAN FUND
For small businesses not covered under the HIRE program above, we have limited funds available for rapid response working capital loans for businesses affected by COVID-19. We have very limited funds, so these funds will be disbursed in small amounts, to help as many businesses as possible. These loans for for businesses with 5 or fewer employees, including owners. Terms will be likely set at 36 months at 1% interest. There will be no principal or interest payments for the first four months. The first round of applications will be considered on Monday, March 23rd.
To apply click the link below.