Delays plague city plan to offer $500K in small biz loans

Three weeks ago, Kansas City, Missouri, Mayor Quinton Lucas introduced an ordinance to provide $500,000 to Kansas City small businesses facing the fallout of the pandemic.

Those.

Next in this mackenzieforty one the news.

City hallpromised and approved plan tosmall.

My hasn't been this yetforty one of water then calltells us what's up importantfinancing for those who need.Three weeks ago mayor QuintLucas introduced an ordinanceto provide five hundredthousand dollars to Kansas citysmall businesses facing thefallout of the pandemic therewas a contract so- that hasanticipated that whatever groupwas doing loans.

Would also beyour- almost respond to make iteasier it was so that our fivehundred thousand with.

A twomillion dollar investment fromprivate actors the councilvoted seventy six.

The economicdevelopment corporationslending agency over all caps.Now moving forward with its ownbelieve Ramaphosa.

I waswatching a fine we have oversix.

Loan requests you threwthat into process totaling overthirty million dollars in in inloans so way more than youknow.

What we had available asfor that five hundred thousanddollars from the city no onehas received it yet ABC oneCorp says it received adifferent proposal this weekfrom the original ordinance.Holding up the money I believethis time for good people overpolitics.

And just move thisprocess forward just thecurrent snack for this half amillion dollar fund the mayor'soffice and EDC alone will beeating.

A in even if they haveto through weekend they're willbe working together trying getthe money out on the street.Total small business.

Thankswell.

On the streets we smallbusinesses and get in an effortto keep small biz.

Of they faceand uncertain.

In Kansas.

Dancalling forty one action news.Therefore when action news weare committed to helping youbounce back from the effects ofcoronavirus in our communitiesfor more about rebound Kansascity y