Micro-Loan Program

Sedgwick County > Community Development > Economic Development > Micro-Loan Program

The Sedgwick County Micro-Loan program is designed to assist to low-and moderate-income small business owners by providing loans and technical assistance to establish or expand businesses in Sedgwick County and help ensure success over time.

LOAN FUNDS CAN BE USED FOR

Startup equipment
Expansion equipment
Increasing inventory
Advertising
General working capital

LOAN SIZE

Up to $15,000 for an existing or start-up business
No limit on total project debt
Other funds available through companion programs for projects that qualify

MICRO-LOAN APPLICATIONS

Applications are available from:
South Central Kansas Economic Development, Inc.’s (SCKEDD) Web site at www.sckedd.org

TECHNICAL ASSISTANCE

Sedgwick County works with the SCKEDD to provide ongoing technical assistance to business owners in the Micro-Loan Program, at no cost to the borrower when a SCKEDD micro-loan is received. Technical assistance may extend to many areas including, but not limited to the following:

Accounting and accounting software applications
Set up
Payroll
Help with monthly statements
Marketing and marketing research
Brochure design
Advertising design and consultation
Employee issues

LOAN INFORMATION

Interest rate is eight percent
Sedgwick County funds can be partnered with funds from other loan programs
Owner and/or employees must be considered in the low- to moderate-income level
The business may be located anywhere in Sedgwick County, except the City of Wichita
Closing costs vary
No penalty for pre-payment of the loan
Women and minorities are encouraged to apply!
Collateral and credit history are taken into consideration but are not the sole determining factor for a micro loan.

FOR MORE INFORMATION:

Sedgwick County Micro-Loan Program
South Central Kansas Economic Development District, Inc.
Sutton Place (Downtown Wichita)
209 E. William, Suite 300 (across from the State Building)
Wichita, Kansas 67202-4035 Christie@sckedd.org

Sherdeill H. Breathett, Sr.
Economic Development
350 West Douglas
Wichita, Kansas 67202
(316) 268-1139
Sherdeill@wacc.org

The partnership between Sedgwick County and SCKEDD allows SCKEDD to provide technical assistance and training to the Micro-Loan borrower both before and after the business starts up.