The Unified Government recognizes the needs of the small business community.
To address this challenge, they offer the Revolving Loan Fund (RLF) for Kansas City, Kansas and Wyandotte County.
Loan Types – Real Estate Loan – Up to 15 year term – Machinery & Equipment Loan – Up to 10 year term – Working Capital – Up to 3 years – Maximum loan of $200,000 RLF Requirements – All applicant must submit documentation from a financial institution denying full participation on the project – The Loan requires a 2 to 1 private to public dollar match – For example, the purchase of a 300,000 facility would be requiring $200,000 from the applicant to recieve $1000,000 from the Revolving Loan Fund – For every $50,000 of a RLF loan, the applicant must create one new full time job.
– Each loan will require sufficient collateral to secure the repayment of the loan.
– Funds used for construction must comply with Davis-Bacon provisions
Unified Government of Wyandotte County and Kansas City, Kansas
Address: 701 N. 7th St
City: Kansas City
State: West Virginia