Areas Served: Wyandotte County
The Unified Government recognizes the needs of the small business community.
To address this challenge, we are pleased to offer the Revolving Loan Fund.
This program is designed for small business lending to help fill gap financing.
The RLF Plan will target small businesses with 100 or fewer employees, but will consider loan applications from larger firms that satisfy the RLF Plan criteria.
¢ Maximum loan of $200,000n¢ Interest rates are fixed for the entire term of loann¢ Interest rates are based upon prime rates, but will typically be less than from a traditional financial institution.
¢ The loan requires a 2:1 private to public dollar match.
For example, the purchase of a $300,000 facility would be require $200,000 from the applicant to receive $100,000 from the Revolving Loan Fund.
¢ For every $50,000 of a RLF loan, the applicant must create one new full-time job.
Contact InformationWyandotte Economic Development Council
Address: 727 Minnesota Avenue
City: Kansas City
State: Kansas
Website:
http://www.bonnersprings.org/218/Planning-Development
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