KC’s 3 metro companies approved for up to $ 10 million in PPP loans | FOX 4 Kansas City WDAF-TV
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KANSAS CITY, Mo. – Three Kansas City-area businesses have been approved for loans of $ 10 million – the maximum amount available through the Small Business Administration’s Paycheck Protection Program, according to data released this week by the agency.
The new data provides the most detailed snapshot of the $ 659 billion program, which offered loans meant to keep businesses open and workers employed during the coronavirus pandemic. The release of the data marks the first look at top-down lending to businesses across the country.
While the data provides insight into which businesses received loan approval, it doesn’t necessarily mean that the business ultimately took all of the money or that the loan was completed.
Of the 34 businesses in the region that were approved for loans over $ 5 million, here are the biggest approvals:
Bickford Senior Living Group LLC – The Olathe-based company operates 65 assisted living facilities in 11 states, including one in Mission, Overland Park and Raytown. Bickford’s request for a $ 10 million loan was approved by Leawood-based CrossFirst Bank on April 15. According to the data, the company expected to keep 500 jobs with the P3 funding. Bickford is chaired by the president Andy Eby.
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