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Depending on your business needs, our loan team will recommend which mid-size loan is the best fit.
 
The SBA and EDA loan programs provide funding options ranging from $50,000 to $350,000.

SBA 7(a) Community Advantage

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The SBA 7(a) provides a mid-size loan option for small businesses seeking funds for startup costs and long-term working capital.

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Requirements:

  • For-profit business in Kansas

  • The business is valued at less than $15 million and has an after-tax profit of less than $5 million a year, the average of two years

  • Business owner will occupy 51% or more of the commercial real estate being renovated or purchased

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Community Advantage loans help disadvantaged business owners.​

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  • Businesses located in low- to moderate-income census tracts, empowerment zones, enterprise communities, or HUBZones.

  • Businesses where more than 50% of the full-time workforce is low-income or resides in low- to moderate-income census tracts

  • Startups and businesses less than two years old

  • Businesses that are more than 50% owned by veterans, minorities, or women.

  • Rural business owners

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Rates and Fees

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Interest rates and fees vary and will be estimated at the time of application.​

EDA Revolving Loan Fund

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The EDA Revolving Loan Fund serves businesses that cannot otherwise obtain traditional bank financing. These loans provide access to capital to enable small businesses to grow and generate new employment opportunities with competitive wages and benefits. Financing also helps retain jobs that might otherwise be lost, create wealth, and support minority and women-owned businesses.

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Requirements

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  • Business must be located in one of the following fourteen (14) south-central Kansas counties: Butler, Chautauqua, Cowley, Elk, Greenwood, Harper, Harvey, Kingman, McPherson, Marion, Reno, Rice, Sedgwick, or Sumner.

  • For-profit business

  • Funding to foster job creation or retention

  • Individuals who own 20% or more of the business must be willing to act as personal guarantors

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Rates and Fees

  • Interest rates vary and will be estimated at the time of application

  • Closing fee 2%

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