KANSAS CITY, Mo. — Three Kansas Metropolis-area companies had been permitted for $10 million loans — the utmost quantity accessible via the Small Enterprise Administration’s Paycheck Safety Program, according to data released this week by the agency.
The brand new information gives essentially the most detailed have a look at the $659 billion program, which supplied loans meant to maintain companies open and employees employed in the course of the coronavirus pandemic. The info launch marks the the primary have a look at top-to-bottom lending to companies across the nation.
Although the information affords a have a look at corporations that acquired mortgage approval, it doesn’t essentially imply the enterprise finally took all the cash or that the mortgage was accomplished.
Of the 34 space corporations that had been permitted for loans of greater than $5 million, listed below are the largest approvals:
Bickford Senior Residing Group LLC — The Olathe-based firm operates 65 assisted-living amenities in 11 states, together with one every in Mission, Overland Park and Raytown. Bickford’s software for a $10 million mortgage was permitted by Leawood-based CrossFirst Financial institution on April 15. In keeping with the information, the corporate anticipated to retain 500 jobs with the PPP funding. Bickford is led by President Andy Eby.
To see the other two top borrowers, visit the Kansas City Business Journal.
— to fox4kc.com
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