Sedgwick County Economic Development
Micro-Loan Program

"Turning dreams of being in business into reality."

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) website 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 8% 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.

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last update: 05/22/08
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