Economic recovery loan program now includes small businesses affected by forest fires
TOPEKA Kan. (KSNW) – Kansas State Treasurer Lynn Rogers has listed information on the Economic Recovery Loan Program (ERLP) as one of the recovery resources for farmers and ranchers who suffered from the “Four County Fire” on the Kansas Department of Agriculture (EDA) website.
Many Kansans are facing hardships after the “Four County Fire” that occurred on December 15th, especially farmers and ranchers, and are starting the long road to recovery.
“We are here to provide support to the Kansans who will need long-term help to rebuild and recover,” Treasurer Rogers said. “This is not a short-term project, it will be a long-term effort to restore the livelihoods of these Kansans, and my office will help them in any way we can.”
The ERLP is one of the deposit related loan programs that offer low cost loans. It is managed through the Pooled Money Investment Board (PMIB), the state treasurer’s office and local financial institutions.
The loans available under the program are designed to provide relief to struggling small businesses and farms.
To be eligible for the program, the borrower:
- Cannot have more than 200 full-time employees
- Must have offices or facilities operating in Kansas
- Must use loan proceeds for operating expenses of a business in Kansas and cannot use loans for personal, family, or household purposes
Interest borrowers should talk to their financial institution about accessing loans.
Additional information can be found at kansascash.ks.gov.