Microloan Programs - KU Kansas Small Business Development Center

MICROLOAN PROGRAMS

BLX Loan Microloan Program - Is part of the SBA's Community Express Loan Program. This specific microloan is for amounts of $5K to $25K and is typically an unsecured loan at prime +4.75% for seven years. The program specifically targets women owned, minority owned, and low income owned businesses. A $350 loan application fee is required and is deducted from the loan proceeds. Requires technical assistance, which can be obtained at the KU-SBDC. For more information, email the KU Small Business Development Center.

Innovative Bank Microloan Program - Is also part of the SBA's Community Loan Express Program. Loans are offered in denominations of 5K, 10K, and 15K. A $450 loan application fee must be submitted with application. Also requires technical assistance, which can be obtained at the KU-SBDC. For more information, email the KU Small Business Development Center.

Go Connection - Administers the SBA's microloan program in many counties in Northeast Kansas. Visit their website at http://www.goconnection.org.

Kansas USDA - Administers the USDA's business development program for rural communities. For more information, visit their website at http://www.rurdev.usda.gov/ks/cbp-biz.htm

Certified Development Companies - Some CDC's offer microloan programs and others do not. For a complete listing of CDC's in Kansas, feel free to www.KACDC.com. Specific contact information for counties in the KSBDC region are listed below.

* Douglas County - Wakarusa Valley Development Center: 785-749-7600; troberts@wakarusavalley.org;
www.wakarusavalley.org
* Atchison, Doniphan, Jefferson - EKEDG: symmonds@swbell.net, 620-342-7041 OR
MO-KAN - john@mo-kan.org, 816-233-3144
* Leavenworth - Citywide Development KC: billg@citywidekcks.com; 913-788-9884
* Franklin - EKEDG: symmonds@swbell.net, 620-342-7041

RC&D offices - To find your local RC&D office, http://www.rcdnet.org/directories/kansas.htm RC&D offices often provide business development assistance in rural areas. Individual RC&D offices may or may not have loan programs.

KS Rural Development Loans - Availability starting January 1, 2005 (estimate). Program was created with the Kansas Economic Growth Act of 2004. Business must be located in a city with fewer than 50K. Loan parameters vary. For more information, contact the KU-SBDC at office@kusdc.net or 785-843-8844.

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The Kansas Small Business Development Center (KSBDC) is partially funded by the U.S. Small Business Administration under Cooperative Agreement No. 3-603001-2-0017-8. The support given by the US Small Business Administration through such funding does not constitute and expressed or implied endorsement of the co-sponsors' or participants' opinions, products or services. SBA funded programs are extended to the public on a nondiscriminatory basis. A partnership program with the US Small Business Administration (SBA) and the Kansas Department of Commerce and Housing (KDOCH).