COVID-19 Financial Resources for Business

Local Financial Resources

Montgomery County CBGB 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 likely be 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 23.

To apply click the link below:




Small Business Development Center Assistance

Find valuable resources that can assist you in as you navigate this crisis with your Small Business.  Find resources for applying for aid, navigating the FFCRA  and CARES Act new regulations and much more.

Kansas SBDC Resources

Check with your local Chamber office for more information on local resources to help your business:


Community Development Block Grant (CDBG) funds are an important tool in supporting small Kansas communities. Now, as communities come together in their response to COVID-19, additional CDBG resources are being made available through the CDBG-CV program.

CDBG-CV has two funding categories: Economic Development and Meal Programs.


CDBG-CV Economic Development grants provide communities with funding to help local businesses retain jobs for low-to-moderate income people.


To be eligible to receive a CDBG-CV Economic Development grant, the recipient business must be a for-profit business and retaining jobs for low to moderate-income people. 51% or more of the full-time equivalent (FTE) jobs retained must be for persons from low to moderate-income households as defined by HUD.

CDBG-CV Economic Development grants can be used to pay for the following expenses:

  • Working capital such as wages, utilities, rent, etc.
  • The purchase of 60 days’ worth of inventory needed to reopen (60 days will begin on the day the business is allowed to reopen).

Award Amounts

  • Businesses with five or fewer employees (including the owner) are eligible to receive up to $25,000 per FTE job in CDBG-CV Economic Development grant funding (with a maximum of $30,000 per company).
  • Businesses with between six and 50 employees are eligible to receive up to $35,000 for each FTE job in CDBG-CV Economic Development grant funding (with a maximum of $50,000 per company).


To see if your business might be eligible for this grant, please fill out the survey below.  We should know by early June if Montgomery County, Independence, or Coffeyville has received the grant.  




CDBG-CV Meal Program grants are intended to provide Kansas cities and counties with funds to supplement various programs that provide access to nutritious foods during the COVID-19 crisis.


To be eligible to receive a CDBG-CV Meal Program grant, the applicant must be able to demonstrate that at least 51% of the community meets the low to moderate-income household criteria as defined by HUD.

CDBG-CV Meal Program grant funds can be directed toward organizations such as Meals on Wheels, for the replenishment of local food banks or to support organizations that provide meal programs for children impacted by the loss of school meal programs.

The maximum funding for non-entitlement cities and counties is $300,000 for Economic Development grants and $100,000 for Meal Program grants.


National Financial Resources

Funding Options for Businesses

Here are all of the SBA Funding options available to your business: 


Paycheck Protection Program:

This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.

Here is a great document with Frequently Asked Questions that might be helpful:

Frequently Asked Questions on the
PPP Program
Paycheck Protection
Program Application Template

Get more details from Congressman Marshall's office.


SBA Express Bridge Loans

Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

SBA Debt Relief

The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

Federal Deposit Insurance Corporation (FDIC) is working with regulated financial institutions to help them meet the needs of their customers.






Economic Injury Disaster Loan Program (EIDL): 

A 30 year loan at 3.75% interest to help businesses cover 6 months of operating expenses 

Process for Accessing SBA’s Coronavirus (COVID-19) Disaster Relief Lending

The U.S. Small Business Administration is offering Kansas businesses low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

  • 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.
  • Credit Requirements:
    • Credit History – Applicants must have a credit history acceptable to SBA.
    • Repayment – Applicants must show the ability to repay the loan.
    • Collateral – Collateral is required for all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral, but SBA will require the borrower to pledge collateral that is available.
  • Interest Rates:
    • The interest rate is determined by formulas set by law and is fixed for the life of the loan. The maximum interest rate for this disaster is 3.75 percent.
  • Loan Terms:
    • The law authorizes loan terms up to a maximum of 30 years. SBA will determine an appropriate installment payment based on the financial condition of each borrower, which in turn will determine the loan term.
  • Loan Amount Limit:
    • The law limits EIDLs to $2,000,000 for alleviating economic injury caused by the disaster. The actual amount of each loan is limited to the economic injury determined by SBA, less business interruption insurance and other recoveries up to the administrative lending limit. SBA also considers potential contributions that are available from the business and/or its owner(s) or affiliates. If a business is a major source of employment, SBA has the authority to waive the $2,000,000 statutory limit.
  • Loan Eligibility Restrictions:
    • Noncompliance – Applicants who have not complied with the terms of previous SBA loans may not be eligible. This includes borrowers who did not maintain required flood insurance and/or hazard insurance on previous SBA loans.
    • Note: Loan applicants should check with agencies / organizations administering any grant or other assistance program under this declaration to determine how an approval of SBA disaster loan might affect their eligibility.
  • Refinancing:
    • Economic injury disaster loans cannot be used to refinance long term debts.

SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail