COVID-19 Funding Options

Update: The Paycheck Protection Program (PPP) application deadline has passed. The SBA is still currently accepting Economic Injury Disaster Loan (EIDL) applications.

SCKEDD Disaster Relief Program (SDRP)

The SDRP provides expedited loan financing for crucial working capital in amounts up to $25,000 for COVID-19 disaster-related purposes to small businesses located within the SCKEDD District. The application is available here. 

  • Eligible entities may apply for loans between $5,000 and $25,000

  • Fixed interest rates:

    • 1-3 years. 3.50%​

    • 4-7 years. 5.00%

  • Loan funds for working capital

  • First six months of principal & interest will be deferred

SDRP Requirements

  • Established (2+ years) for profit business located in the SCKEDD District 

  • Personal credit score (680+), completed application, personal, and business financials

  • Personal guarantor(s)​​

  • Loan fee $500

Please send the application and required documents in a single email to

IRS Employee Retention Credit

The Treasury Department and Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19, More details are provided here.

  • Amount of the credit is 50% of qualifying wages paid up to $10,000 total

  • Wages paid after March 12, 2020 and before January 1, 2021 are eligible

  • Wages consider can also include a portion of the cost of employer provided health care

SBA Economic Injury Disaster Loan (EIDL)

Kansas small businesses impacted by COVID-19 can now seek individual small business loans with low interest rates up to $2 million as part of SBA's Economic Injury Disaster Loan program to help finance operational costs. More details are provided here.

  • Eligible entities may apply for loans up to $2 million

  • Interest rates are fixed up to 30 years at 3.75% for small businesses and 2.75% for non-profits

  • Financing can be used for working capital to help pay fix debts, payroll, accounts payable, and other bills that can't be paid as a result of the disaster

SBA Microloan

The SBA Microloan offered by SCKEDD is designed to provide financing opportunities to business owners that often face greater challenges obtaining funding including women-owned businesses, low-income individuals, veterans, minority entrepreneurs, and small business owners. Details about the loan and applications process are available here.

  • Up to $50,000

  • Financing may be used for working capital, machinery, equipment, furniture, fixtures, inventory, vehicles, and leasehold improvements