Kansas
The Small Business Administration yesterday announced that its $349-billion Paycheck Protection Program has been wiped out. But at least one area lender is seeing an increase in loan allocation. UMB Bank has recently processed 3,000 applications totaling $1.4 billion. "It’s…
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President Donald Trump has released a three-phase advisory plan for states to reopen the country. For states to start reopening, the policy says, there needs to be downward trajectory of COVID-19 cases over a 14-day period, the ability for hospitals…
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A regional report by the Johnson County, Kan., government says that 88 percent of 2,339 area hospital beds in nine area hospitals are in use. When looking at intensive-care unit beds, the report found that 47 percent of those are…
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Kansas City-based Commerce Bancshares is paying dividends to shareholders still, despite challenges posed to the economy due to COVID-19. The company just declared a quarterly dividend of $0.27 per share for common stock, and payments are expected to be paid…
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Before COVID-19 hit, the commercial real estate lending market was sure on a strong run. A record $600.6 billion of commercial real estate and multifamily loans in 2019, according to the Mortgage Bankers Association's (MBA) 2019 Commercial Real Estate/Multifamily Finance…
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U.S. Treasury Secretary Steven T. Mnuchin and U.S. Small Business Administration Administrator Jovita Carranza calling for Congress to appropriate more funds toward the Paycheck Protection Program and Economic Injury Disaster Loan Program, due to the havoc that COVID-19 has wreaked…
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Small Business Administration loans are a major topic right now in the face of COVID-19. Tom Salisbury, the Regional Administrator for SBA’s Region VII states of Missouri, Kansas, Nebraska and Iowa, talks about the Paycheck Protection Program (PPP) and other…
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March new-housing starts fell 23.1 percent from the prior month, according the the U.S. Census Bureau, hitting just over 1.2 million. However, that number was a 1.4 increase from March 2019. Meanwhile, housing completions also dropped, falling 6.1 percent month…
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Another 5.2 million people filed for unemployment last week, according to the U.S. Department of Labor, bringing the total over the last four weeks to about 22 million. For the week ended April 4, the number was revised up by…
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Kansas City Mayor Quinton Lucas has extended the city's stay-at-home order until May 15, after being advised to do so by public health officials. The previous stay-at-home order was issued in March and set to expire on April 24. Kansas…
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