Revolving Loan Fund – Mo-Kan

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Areas Served: Andrew, Buchanan, Clinton, and DeKalb counties in Missouri and Atchison and Doniphan counties in Kansas

Since 1990, Mo-Kan has provided gap financing for Missouri small businesses through its locally operated and managed RLF program in Andrew, Buchanan, Clinton, and DeKalb counties in Missouri and Atchison and Doniphan counties in Kansas.

The RLF was originally funded through the federal Economic Development Administration (EDA) and local funds.

Since its inception, this program has been able to loan out over $3 million, six times the original investment.

In addition to the monies loaned directly from the RLF, the fund has leveraged over $14.5 million from private sector lenders and small business owners.

– Loan amounts ranging from $20,000 to $200,000 – Variety of loan uses: Real Estate, Building purchase or construction, Equipment, – Inventory, and Working Capital – Below market Interest Rates – Terms up to 10 years – No balloon payments – Fixed Interest Rate for the life of the loan

Contact Information
Mo-Kan
Address: 224 North 7th Street
City: Saint Joseph
State: Missouri

Website: http://www.mo-kan.org/index.php?option=com_content&view=article&id=83&Itemid=187

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