E-Community Revolving Loan
The Wabaunsee County Office of Economic Development wants to provide a climate where local businesses can be successful. We are here to help entrepreneurs achieve their business goals including: property acquisition, developing a business plan, business financing etc. In 2013, the Kansas Center for Entrepreneurship designated Wabaunsee County an E-Community, allowing us to develop a low interest business loan fund through the use of state tax credits.
The E-Community program encourages entrepreneurial activity in the County, with a focus on business development resulting in job creation. Qualifying entrepreneurial projects including start-up businesses, existing business purchases, existing business expansions or business relocations may apply for E-Community funding.
Applications for financial assistance are accepted at any time. The E-Community Leadership Team and the Financial Advisory Board will review each project. The following list of items should be considered for inclusion with the application. Foremost consideration will be given to applicants providing complete and sufficient information to make a proper evaluation of the project including:
- ·A complete business plan
- ·Financial reports and/or a bank financial application
- ·Resumes and references for the proposed owner (s)
- ·Employment projections
As part of the approval process, The Financial Review Board will interview the applicant focusing the following items:
- ·Explanation of the applicant’s specific purpose for funding
- ·Projected sales, employment and other benefits to the community
- ·Matching funds received from NetWork Kansas partners and other sources
- ·Local support for the project by various organizations and community leaders
- ·Involvement of Network Kansas resource partners in the project
Applicants will be notified upon approval or denial for funding by the E-Community Financial Review Board.
For More Information or an Application Contact:
Stephanie Imthurn
Director, Office of Economic Development
114 W 3rd St. Alma, KS 66401
785-633-7768
NetWork Kansas E-Community Summary
A NetWork Kansas Entrepreneurship Community has made a commitment to cultivating an entrepreneurial environment by identifying and developing resources to help local entrepreneurs start or grow businesses. E-Communities have assets available to assist entrepreneurs and small businesses, including a locally administered revolving loan fund and connections to resources.