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COVID-19 Financial Resources
Events like COVID-19 cause a great deal of uncertainty for everyone and when you are a small business owner, it helps to have a local bank that knows you on your side. At Union State Bank, loan officer Katie Casper has over 10 years of experience working with government loan programs, and can use her expertise to assist you as you navigate the application process. Contact us at service@unionstbank.com to get the process started.
ONLINE RESOURCES
Small Business Administration – SBA provides low-interest, long-term loans for economic damage caused by a declared disaster such as the COVID-19 disaster. This program is serviced directly by the SBA and is provided to eligible disaster areas. An online application is available for small business owners in all U.S. states and territories.
- SBA Disaster Loans: The following items must be submitted for all applications. Forms are available online in both English and Spanish.
- Loan application (SBA Form 5): this is electronic/online in the portal.
- Tax Information Authorization (IRS Form 4506-T): completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business.
- Federal Income Tax Returns: Complete copies, including all schedules, of the most recently filed returns for the applicant business; an explanation if not available.
- Personal Financial Statement (SBA Form 413): by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member.
- Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used).
- If the most recent Federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year.
- A current year-to-date profit–and-loss statement.
- SBA Express Bridge Loans: Small businesses who currently have a business relationship with an SBA Express Lender may be able to access a term or bridge loan while waiting for decision and disbursement on Economic Injury Disaster Loan or other long-term financing. Contact Katie Casper.
- SBA Disaster Assistance Fact Sheet
- Economic Injury Disaster Loan Assistance
- Disaster Loans
Kansas Department of Commerce –
- Hospitality Industry Relief – ALL INITIAL PROGRAM FUNDS HAVE BEEN ALLOCATED – Businesses in the KS Hospitality industry (restaurants, bars, lodging facilities, conference centers, event centers) will be able to apply for a one-time loan of up to $20 thousand at 0% interest for a period of 36 months. There will be no principal or interest payments for the first four months. These loans have been allocated, however businesses are encouraged to submit their application, so that it can remain in the cue, should additional funding become available through this program.
Bourbon County News and Resources –
Internal Revenue Service –