HIRE Fund (Hospitality Industry Relief Emergency) Fund

$5 million loan program will offer loans up to $20,000 at 0% interest for a term of 3 years with deferred payment of 4 months (1st payment due 120 days from initial disbursement date). Please assist in sharing this to area businesses.

Eligibility

* Existing for-profit business located in Kansas

* Must have 100 or fewer employees

* Restaurant, bar, lodging facility (not Airbnb), conference center, event center (related hospitality businesses not listed may be approved on a case by case basis).

Geographic Distribution of Funds

* $2 million will be allocated to the KC Metro Area (Johnson, Wyandotte, Shawnee and Douglas counties)

* $1 million will be allocated to Sedgwick County

* $2 million will be allocated to the rest of the state

* A total of $5 million will be distributed through the state 

 

Applicants can find the program overview and application on the Kansas Department of Commerce website, at kansascommerce.gov/HIREfund  In addition, a brief introduction, as well as an overview document and a link to the application, is available on the www.networkkansas.com website.  Please communicate this information to businesses that you think could benefit from this new program.

General process highlights:

  • The business owner will complete the application and it will be sent to NetWork Kansas . 
  • A yes/no determination will be made within 72 hours based on the information provided in the application, eligibility requirements as well as being mindful of the geographic distribution of funds. 
  • There will be no security or collateral requirements, but there will be a personal guaranty on all loans. 
  • All approvals have a 4 month deferral