Alva Review-Courier -

By JIM MCLEAN
Kansas News Service 

Paycheck Loans halt collapse for small Kansas businesses

 


TOPEKA, Kan. (AP) — Pharmaceutical companies and large hotel chains snatched up emergency COVID-19 federal loans meant for businesses typically with 500 or fewer employees.

In Kansas, however, it appears most of its $4.9 billion in Paycheck Protection Program money landed where Congress intended: on the books of small- to medium-size businesses and nonprofits — from a wine bar in Hays to a movie theater in Parsons, the Kansas News Service reports.

"I was able to keep all my employees busy and fully paid," said Troy Mentzer, the third member of his family to own The Pad, a Topeka fast-fo...



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